ECOWATT ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About ECOWATT ApS
ECOWATT ApS (CVR number: 31050529) is a company from AARHUS. The company recorded a gross profit of 2388.1 kDKK in 2024. The operating profit was 699.5 kDKK, while net earnings were -1147.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.4 %, which can be considered weak but Return on Equity (ROE) was -2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 74.7 %, 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. ECOWATT ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 4 316.52 | 5 561.96 | 1 692.14 | 5 448.71 | 2 388.13 |
| EBIT | 61.40 | 782.65 | 42 414.45 | 11 975.84 | 699.51 |
| Net earnings | 300.39 | 972.49 | 51 896.39 | 4 290.56 | -1 147.59 |
| Shareholders equity total | 9 374.61 | 3 024.38 | 62 818.91 | 66 826.72 | 45 658.82 |
| Balance sheet total (assets) | 39 532.13 | 35 760.67 | 80 319.68 | 83 991.07 | 61 139.89 |
| Net debt | 26 852.23 | 25 713.18 | -2 371.67 | -12.30 | 8 984.99 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 2.9 % | 5.5 % | 111.5 % | 9.1 % | 0.4 % |
| ROE | 3.3 % | 15.7 % | 157.6 % | 6.6 % | -2.0 % |
| ROI | 2.9 % | 6.0 % | 117.9 % | 9.8 % | 0.5 % |
| Economic value added (EVA) | -1 864.29 | -1 426.70 | 29 326.90 | 5 309.77 | -3 058.27 |
| Solvency | |||||
| Equity ratio | 23.7 % | 8.5 % | 78.2 % | 79.6 % | 74.7 % |
| Gearing | 289.9 % | 850.2 % | 5.1 % | 19.7 % | |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.5 | 0.4 | 5.1 | 2.8 | 1.3 |
| Current ratio | 0.5 | 0.4 | 5.1 | 2.8 | 1.3 |
| Cash and cash equivalents | 324.87 | 5 564.22 | 12.30 | 10.02 | |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | A | BBB | A | BBB |
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