VORES ELNET A/S — Credit Rating and Financial Key Figures

VORES ELNET A/S (CVR number: 25587987) is a company from ODENSE. The company reported a net sales of 474.8 mDKK in 2023, demonstrating a decline of -15 % compared to the previous year. The operating profit percentage was at 31.1 % (EBIT: 147.6 mDKK), while net earnings were 107.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 5.1 %, which can be considered decent but Return on Equity (ROE) was 10.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 30.4 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. VORES ELNET A/S's liquidity measured by quick ratio was 3.7 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.