FORSYNING ELNET A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FORSYNING ELNET A/S
FORSYNING ELNET A/S (CVR number: 21599182) is a company from STRUER. The company reported a net sales of 16.4 mDKK in 2024, demonstrating a growth of 17.9 % compared to the previous year. The operating profit percentage was at 6.4 % (EBIT: 1.1 mDKK), while net earnings were 21 mDKK. The profitability of the company measured by Return on Assets (ROA) was 10.8 %, which can be considered good and Return on Equity (ROE) was 12.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 79 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. FORSYNING ELNET A/S's liquidity measured by quick ratio was 5 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 8 981.00 | 11 133.00 | 11 969.00 | 13 874.00 | 16 354.00 |
Gross profit | 2 924.00 | 4 803.00 | 2 973.00 | 5 514.00 | 5 825.00 |
EBIT | -1 350.00 | 913.00 | -1 442.00 | 946.00 | 1 054.00 |
Net earnings | - 525.00 | 3 773.00 | -8 043.00 | 5 683.00 | 21 028.00 |
Shareholders equity total | 169 759.00 | 173 532.00 | 165 489.00 | 157 695.00 | 178 723.00 |
Balance sheet total (assets) | 201 368.00 | 201 952.00 | 195 669.00 | 198 721.00 | 226 184.00 |
Net debt | -77 132.00 | -80 766.00 | -75 424.00 | -70 985.00 | -89 230.00 |
Profitability | |||||
EBIT-% | -15.0 % | 8.2 % | -12.0 % | 6.8 % | 6.4 % |
ROA | -0.3 % | 2.3 % | 0.5 % | 3.8 % | 10.8 % |
ROE | -0.3 % | 2.2 % | -4.7 % | 3.5 % | 12.5 % |
ROI | -0.4 % | 2.6 % | 0.5 % | 4.4 % | 12.9 % |
Economic value added (EVA) | -9 950.73 | -8 175.47 | -10 261.68 | -7 824.38 | -7 504.19 |
Solvency | |||||
Equity ratio | 84.3 % | 85.9 % | 84.6 % | 79.4 % | 79.0 % |
Gearing | 2.9 % | 1.8 % | 1.6 % | 5.5 % | 3.7 % |
Relative net indebtedness % | -599.3 % | -535.6 % | -419.0 % | -295.5 % | -301.4 % |
Liquidity | |||||
Quick ratio | 4.6 | 5.8 | 5.8 | 4.5 | 5.0 |
Current ratio | 4.6 | 5.8 | 5.8 | 4.5 | 5.0 |
Cash and cash equivalents | 81 985.00 | 83 908.00 | 78 015.00 | 79 631.00 | 95 832.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 209.3 | 271.0 | 143.5 | 213.5 | 270.3 |
Net working capital % | -80.4 % | -44.7 % | -18.4 % | -41.9 % | 10.3 % |
Credit risk | |||||
Credit rating | A | AA | A | AAA | AA |
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