FORAS HOLDING A/S — Credit Rating and Financial Key Figures

CVR number: 87694518
Sundkrogsgade 21, 2100 København Ø
copenhagen@intertrustgroup.com
tel: 33189000

Company information

Official name
FORAS HOLDING A/S
Established
1978
Company form
Limited company
Industry

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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
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- 103.11671.76466.86192.031 708.53
Balance sheet total (assets)739.881 083.531 249.001 458.171 857.92
Net debt662.19320.45523.27912.58-7.56
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 ratio0.92.61.61.212.4
Current ratio0.92.61.61.212.4
Cash and cash equivalents48.3011.3444.9944.387.56
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBB

Variable visualization

ROA:-20.3%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:92.0%
Rating: 72/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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