BORRING HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About BORRING HOLDING A/S
BORRING HOLDING A/S (CVR number: 20958537) is a company from ODENSE. The company recorded a gross profit of -3360.7 kDKK in 2024. The operating profit was -3926 kDKK, while net earnings were -25.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 18.7 %, which can be considered excellent but Return on Equity (ROE) was -3.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 99.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. BORRING HOLDING A/S's liquidity measured by quick ratio was 283 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | - 434.29 | -1 859.17 | -25 755.45 | -3 360.72 | |
EBIT | - 510.09 | - 434.29 | -2 111.10 | -27 265.08 | -3 926.04 |
Net earnings | 39 358.34 | 523 743.43 | -45 495.12 | 19 317.74 | -25 459.89 |
Shareholders equity total | 252 161.04 | 774 843.47 | 724 126.69 | 742 969.43 | 703 509.54 |
Balance sheet total (assets) | 258 048.94 | 803 464.67 | 724 298.99 | 743 263.79 | 704 842.90 |
Net debt | -86 508.48 | - 576 591.13 | - 405 217.72 | - 388 948.40 | - 368 509.85 |
Profitability | |||||
EBIT-% | |||||
ROA | 21.6 % | 100.3 % | 3.3 % | 3.7 % | 18.7 % |
ROE | 16.9 % | 102.0 % | -6.1 % | 2.6 % | -3.5 % |
ROI | 21.8 % | 100.8 % | 3.3 % | 3.7 % | -1.8 % |
Economic value added (EVA) | -11 314.70 | -13 394.53 | -41 793.46 | -58 446.53 | -40 121.70 |
Solvency | |||||
Equity ratio | 97.7 % | 96.4 % | 100.0 % | 100.0 % | 99.8 % |
Gearing | 2.3 % | 3.1 % | 0.0 % | ||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 20.2 | 21.0 | 2 465.2 | 1 402.8 | 283.0 |
Current ratio | 20.2 | 21.0 | 2 465.2 | 1 402.8 | 283.0 |
Cash and cash equivalents | 92 386.38 | 600 741.11 | 405 217.76 | 388 948.40 | 368 509.85 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | BBB | BBB | BBB | A |
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