Forever Power ApS — Credit Rating and Financial Key Figures

CVR number: 40097678
Udsigten 4, 5330 Munkebo

Credit rating

Company information

Official name
Forever Power ApS
Personnel
1 person
Established
2018
Company form
Private limited company
Industry

About Forever Power ApS

Forever Power ApS (CVR number: 40097678) is a company from KERTEMINDE. The company recorded a gross profit of 29.9 kDKK in 2022. The operating profit was 25 kDKK, while net earnings were 18.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 20.3 %, which can be considered excellent and Return on Equity (ROE) was 32.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 50 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Forever Power ApS's liquidity measured by quick ratio was 0.8 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
Volume
Net sales
Gross profit31.88-3.3917.3529.93
EBIT28.48-48.1517.1625.03
Net earnings20.33-39.1811.9218.58
Shareholders equity total70.3336.8748.4667.04
Balance sheet total (assets)146.61143.83112.69134.09
Net debt- 109.15-7.56-19.2113.65
Profitability
EBIT-%
ROA19.4 %-33.2 %13.4 %20.3 %
ROE28.9 %-73.1 %27.9 %32.2 %
ROI40.5 %-45.3 %13.5 %20.9 %
Economic value added (EVA)20.34-36.5017.0421.16
Solvency
Equity ratio48.0 %25.6 %43.0 %50.0 %
Gearing285.8 %132.5 %89.6 %
Relative net indebtedness %
Liquidity
Quick ratio1.51.21.50.8
Current ratio1.91.41.81.2
Cash and cash equivalents109.15112.9383.4346.40
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBB

Variable visualization

ROA:20.3%
Rating: 74/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:50.0%
Rating: 40/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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