FORMERVANGEN ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FORMERVANGEN ApS
FORMERVANGEN ApS (CVR number: 30803981) is a company from ALBERTSLUND. The company reported a net sales of 0.8 mDKK in 2024, demonstrating a decline of 0 % compared to the previous year. The operating profit percentage was at 79.6 % (EBIT: 0.7 mDKK), while net earnings were 375.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.6 %, which can be considered good and Return on Equity (ROE) was 13.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 43.4 %, 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. FORMERVANGEN ApS's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 840.00 | 840.00 | 840.00 | 840.00 | 840.00 |
Gross profit | 748.00 | 730.00 | 695.00 | 750.00 | 749.69 |
EBIT | 597.00 | 649.00 | 614.00 | 669.00 | 668.25 |
Net earnings | 249.00 | 342.00 | 299.00 | 294.00 | 375.74 |
Shareholders equity total | 1 680.00 | 2 022.00 | 2 321.00 | 2 616.00 | 2 991.17 |
Balance sheet total (assets) | 7 368.00 | 7 567.00 | 7 215.00 | 7 000.00 | 6 891.14 |
Net debt | 4 967.00 | 4 250.00 | 3 908.00 | 3 458.00 | 2 958.69 |
Profitability | |||||
EBIT-% | 71.1 % | 77.3 % | 73.1 % | 79.6 % | 79.6 % |
ROA | 8.2 % | 8.7 % | 8.3 % | 9.4 % | 9.6 % |
ROE | 16.0 % | 18.5 % | 13.8 % | 11.9 % | 13.4 % |
ROI | 8.4 % | 9.0 % | 8.6 % | 9.7 % | 10.0 % |
Economic value added (EVA) | 138.90 | 188.22 | 164.86 | 115.59 | 187.34 |
Solvency | |||||
Equity ratio | 22.8 % | 26.7 % | 32.2 % | 37.4 % | 43.4 % |
Gearing | 295.7 % | 238.0 % | 181.0 % | 138.3 % | 103.3 % |
Relative net indebtedness % | 622.4 % | 536.7 % | 491.2 % | 438.5 % | 381.1 % |
Liquidity | |||||
Quick ratio | 1.1 | 2.2 | 1.3 | 0.7 | 0.5 |
Current ratio | 1.1 | 2.2 | 1.3 | 0.7 | 0.5 |
Cash and cash equivalents | 1.00 | 562.00 | 293.00 | 159.00 | 132.15 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 0.9 | 0.9 | |||
Net working capital % | 2.6 % | 36.4 % | 8.9 % | -7.9 % | -13.1 % |
Credit risk | |||||
Credit rating | A | AA | A | A | A |
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