Fjernvarme Fyn Service A/S — Credit Rating and Financial Key Figures

CVR number: 39055775
Havnegade 120, 5000 Odense C

Credit rating

Company information

Official name
Fjernvarme Fyn Service A/S
Personnel
387 persons
Established
2017
Company form
Limited company
Industry

About Fjernvarme Fyn Service A/S

Fjernvarme Fyn Service A/S (CVR number: 39055775) is a company from ODENSE. The company reported a net sales of 569.5 mDKK in 2024, demonstrating a growth of 4.4 % compared to the previous year. The operating profit percentage was at 1.1 % (EBIT: 6.3 mDKK), while net earnings were 6055 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.9 %, which can be considered decent but Return on Equity (ROE) was 11.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 42.2 %, 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. Fjernvarme Fyn Service A/S's liquidity measured by quick ratio was 0.9 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

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales390.17408.16501.06545.67569.49
Gross profit62.9663.5476.0697.69122.76
EBIT6.336.672.748.046.27
Net earnings4.664.912.007.056.05
Shareholders equity total34.2239.1341.1348.1854.24
Balance sheet total (assets)102.0397.26120.13133.88128.48
Net debt-37.28-23.766.42-18.52-26.05
Profitability
EBIT-%1.6 %1.6 %0.5 %1.5 %1.1 %
ROA6.5 %6.7 %2.5 %7.2 %5.9 %
ROE14.6 %13.4 %5.0 %15.8 %11.8 %
ROI19.2 %17.8 %6.1 %18.4 %15.2 %
Economic value added (EVA)3.403.390.173.692.46
Solvency
Equity ratio33.5 %40.2 %34.2 %36.0 %42.2 %
Gearing4.8 %0.1 %23.8 %
Relative net indebtedness %7.4 %8.4 %15.1 %12.3 %8.5 %
Liquidity
Quick ratio1.10.80.70.80.9
Current ratio2.01.71.51.61.7
Cash and cash equivalents38.9223.783.3818.5226.05
Capital use efficiency
Trade debtors turnover (days)1.72.61.21.00.8
Net working capital %13.0 %9.6 %8.2 %8.8 %9.5 %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:5.94%
Rating: 46/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:42.2%
Rating: 35/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Board member
Chairman of the board
Chief executive officer
Board member
Board member

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