FORS Vand Roskilde A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FORS Vand Roskilde A/S
FORS Vand Roskilde A/S (CVR number: 32837859) is a company from ROSKILDE. The company reported a net sales of 51.4 mDKK in 2023, demonstrating a growth of 38.7 % compared to the previous year. The operating profit percentage was at 26.5 % (EBIT: 13.6 mDKK), while net earnings were 15.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 3.5 %, which can be considered weak but Return on Equity (ROE) was 4.6 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 81.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FORS Vand Roskilde A/S's liquidity measured by quick ratio was 8.7 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 32.76 | 33.43 | 34.17 | 37.09 | 51.43 |
Gross profit | 7.62 | 9.07 | 8.48 | 11.68 | 23.70 |
EBIT | -1.30 | -0.32 | 0.11 | 2.53 | 13.63 |
Net earnings | -0.50 | 1.84 | 0.64 | 3.49 | 15.38 |
Shareholders equity total | 321.46 | 323.30 | 323.94 | 327.44 | 342.82 |
Balance sheet total (assets) | 386.77 | 390.87 | 394.64 | 405.05 | 421.27 |
Net debt | -9.87 | -14.36 | -24.79 | -33.65 | -8.09 |
Profitability | |||||
EBIT-% | -4.0 % | -1.0 % | 0.3 % | 6.8 % | 26.5 % |
ROA | -0.3 % | -0.1 % | 0.0 % | 0.7 % | 3.5 % |
ROE | -0.2 % | 0.6 % | 0.2 % | 1.1 % | 4.6 % |
ROI | -0.4 % | -0.1 % | 0.0 % | 0.8 % | 4.2 % |
Economic value added (EVA) | -3.25 | -15.54 | -15.11 | -13.12 | 0.27 |
Solvency | |||||
Equity ratio | 83.1 % | 82.7 % | 82.1 % | 80.9 % | 81.6 % |
Gearing | 6.8 % | 6.5 % | 4.9 % | 5.4 % | 4.0 % |
Relative net indebtedness % | 103.0 % | 96.7 % | 87.7 % | 71.0 % | 109.9 % |
Liquidity | |||||
Quick ratio | 4.7 | 6.7 | 11.4 | 9.6 | 8.7 |
Current ratio | 4.7 | 6.7 | 10.9 | 9.3 | 7.9 |
Cash and cash equivalents | 31.58 | 35.23 | 40.72 | 51.28 | 21.93 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 23.7 | 58.5 | 11.2 | 20.1 | 9.7 |
Net working capital % | 139.9 % | 166.0 % | 181.0 % | 193.7 % | 137.3 % |
Credit risk | |||||
Credit rating | AA | AA | AA | AAA | AAA |
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