A/S Formula IT — Credit Rating and Financial Key Figures

CVR number: 43379941
Jydekrogen 7, 2625 Vallensbæk
aa@formula.fo
tel: 44222444
www.formulait.dk

Credit rating

Company information

Official name
A/S Formula IT
Personnel
6 persons
Established
2022
Company form
Limited company
Industry
  • Expand more icon465000

About A/S Formula IT

A/S Formula IT (CVR number: 43379941) is a company from VALLENSBÆK. The company recorded a gross profit of 5607.2 kDKK in 2024. The operating profit was 1792.5 kDKK, while net earnings were 1375.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 24.7 %, which can be considered excellent and Return on Equity (ROE) was 48.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 40.9 %, 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. A/S Formula IT's liquidity measured by quick ratio was 1.6 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2022
2023
2024
Volume
Net sales
Gross profit1 320.495 035.555 607.22
EBIT304.101 913.421 792.52
Net earnings218.661 444.891 375.43
Shareholders equity total718.662 163.553 538.98
Balance sheet total (assets)3 185.925 949.968 660.48
Net debt546.60-1 554.76-2 754.23
Profitability
EBIT-%
ROA9.5 %42.0 %24.7 %
ROE30.4 %100.3 %48.2 %
ROI20.6 %97.3 %59.3 %
Economic value added (EVA)223.151 450.811 372.59
Solvency
Equity ratio23.0 %36.4 %40.9 %
Gearing105.8 %13.7 %1.5 %
Relative net indebtedness %
Liquidity
Quick ratio1.31.51.6
Current ratio1.31.51.6
Cash and cash equivalents213.891 851.972 807.05
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBB

Variable visualization

ROA:24.7%
Rating: 80/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:40.9%
Rating: 34/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer
Board member

Companies in the same industry

Build time: 2025-03-08T03:45:00.370Z

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