Energinet — Credit Rating and Financial Key Figures

CVR number: 28980671
Tonne Kjærsvej 65, Erritsø 7000 Fredericia
tel: 76245180

Company information

Official name
Energinet
Personnel
1204 persons
Established
2005
Domicile
Erritsø
Industry

About Energinet

Energinet (CVR number: 28980671) is a company from FREDERICIA. The company reported a net sales of 2000 mDKK in 2024, demonstrating a growth of 33.9 % compared to the previous year. The operating profit percentage was poor at -0.5 % (EBIT: -11 mDKK), while net earnings were 785 mDKK. The profitability of the company measured by Return on Assets (ROA) was 2.8 %, which can be considered weak but Return on Equity (ROE) was 11.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 13.4 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Energinet's liquidity measured by quick ratio was 2.1 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2022
2023
2024
Volume
Net sales1 267.001 494.002 000.00
Gross profit398.00730.00894.00
EBIT- 286.0028.00-11.00
Net earnings382.001 138.00785.00
Shareholders equity total5 500.006 616.007 420.00
Balance sheet total (assets)44 731.0050 967.0055 425.00
Net debt38 087.0043 296.0045 265.00
Profitability
EBIT-%-22.6 %1.9 %-0.5 %
ROA1.8 %3.9 %2.8 %
ROE6.9 %18.8 %11.2 %
ROI1.8 %3.9 %2.9 %
Economic value added (EVA)- 206.98-2 187.16-2 539.44
Solvency
Equity ratio12.3 %13.0 %13.4 %
Gearing695.3 %655.1 %629.7 %
Relative net indebtedness %3066.3 %2945.0 %2313.8 %
Liquidity
Quick ratio4.13.02.1
Current ratio4.13.02.1
Cash and cash equivalents152.0047.001 458.00
Capital use efficiency
Trade debtors turnover (days)26.821.53.3
Net working capital %1522.4 %1281.7 %814.0 %
Credit risk
Credit ratingBBAAA

Variable visualization

ROA:2.85%
Rating: 34/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:13.4%
Rating: 13/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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