Swire Renewable Energy A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Swire Renewable Energy A/S
Swire Renewable Energy A/S (CVR number: 36445874) is a company from AARHUS. The company reported a net sales of 194.6 mDKK in 2024, demonstrating a decline of -32.2 % compared to the previous year. The operating profit percentage was poor at -50.2 % (EBIT: -97.7 mDKK), while net earnings were -125.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was -36.2 %, which can be considered poor and Return on Equity (ROE) was -70.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 69 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Swire Renewable Energy A/S's liquidity measured by quick ratio was 2.4 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 252.88 | 191.05 | 286.89 | 194.64 | |
Gross profit | 174.60 | 90.09 | 111.83 | 37.37 | |
EBIT | -5.12 | -19.98 | -4.85 | -97.74 | |
Net earnings | -30.41 | -26.65 | -25.91 | - 125.29 | |
Shareholders equity total | 86.45 | 59.84 | 144.94 | 210.06 | |
Balance sheet total (assets) | 178.07 | 179.20 | 264.55 | 304.48 | |
Net debt | 30.98 | 71.25 | 53.38 | 16.11 | |
Profitability | |||||
EBIT-% | -2.0 % | -10.5 % | -1.7 % | -50.2 % | |
ROA | -14.6 % | -11.3 % | -4.1 % | -36.2 % | |
ROE | -29.8 % | -36.4 % | -17.9 % | -70.6 % | |
ROI | -17.8 % | -14.0 % | -4.8 % | -41.1 % | |
Economic value added (EVA) | -13.14 | -28.35 | -6.72 | -6.20 | - 111.10 |
Solvency | |||||
Equity ratio | 47.9 % | 33.4 % | 54.8 % | 69.0 % | |
Gearing | 35.9 % | 119.1 % | 54.8 % | 17.0 % | |
Relative net indebtedness % | 36.2 % | 62.5 % | 32.6 % | 26.5 % | |
Liquidity | |||||
Quick ratio | 0.7 | 0.6 | 1.4 | 2.4 | |
Current ratio | 0.8 | 0.6 | 1.4 | 2.4 | |
Cash and cash equivalents | 0.01 | 25.97 | 19.68 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | 22.3 | 62.5 | 113.3 | 91.5 | |
Net working capital % | -5.2 % | -19.4 % | 14.2 % | 41.9 % | |
Credit risk | |||||
Credit rating | A | A | BB | A | BBB |
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