FORAS HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FORAS HOLDING A/S
FORAS HOLDING A/S (CVR number: 87694518) is a company from KØBENHAVN. The company recorded a gross profit of -423.2 kDKK in 2023. The operating profit was -423.2 kDKK, while net earnings were -425 kDKK. The profitability of the company measured by Return on Assets (ROA) was -20.3 %, which can be considered poor and Return on Equity (ROE) was -44.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 92 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FORAS HOLDING A/S's liquidity measured by quick ratio was 12.4 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | - 328.45 | - 481.33 | - 215.55 | - 262.48 | - 423.17 |
EBIT | - 328.45 | - 481.33 | - 215.55 | - 262.48 | - 423.17 |
Net earnings | - 350.09 | - 457.51 | - 204.90 | - 274.83 | - 424.96 |
Shareholders equity total | - 103.11 | 671.76 | 466.86 | 192.03 | 1 708.53 |
Balance sheet total (assets) | 739.88 | 1 083.53 | 1 249.00 | 1 458.17 | 1 857.92 |
Net debt | 662.19 | 320.45 | 523.27 | 912.58 | -7.56 |
Profitability | |||||
EBIT-% | |||||
ROA | -46.6 % | -47.1 % | -17.0 % | -17.9 % | -20.3 % |
ROE | -70.9 % | -64.8 % | -36.0 % | -83.4 % | -44.7 % |
ROI | -49.8 % | -52.9 % | -19.4 % | -22.2 % | -23.5 % |
Economic value added (EVA) | - 339.91 | - 473.72 | - 248.73 | - 283.68 | - 430.59 |
Solvency | |||||
Equity ratio | -12.2 % | 62.0 % | 37.4 % | 13.2 % | 92.0 % |
Gearing | -689.1 % | 49.4 % | 121.7 % | 498.3 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.9 | 2.6 | 1.6 | 1.2 | 12.4 |
Current ratio | 0.9 | 2.6 | 1.6 | 1.2 | 12.4 |
Cash and cash equivalents | 48.30 | 11.34 | 44.99 | 44.38 | 7.56 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | B |
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