FORSIKRINGSAKADEMIET A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FORSIKRINGSAKADEMIET A/S
FORSIKRINGSAKADEMIET A/S (CVR number: 20733616) is a company from HØRSHOLM. The company reported a net sales of 160.3 mDKK in 2023, demonstrating a growth of 2.9 % compared to the previous year. The operating profit percentage was at 8 % (EBIT: 12.8 mDKK), while net earnings were 8464 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.8 %, which can be considered decent but Return on Equity (ROE) was 9.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 43.5 %, 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. FORSIKRINGSAKADEMIET A/S's liquidity measured by quick ratio was 1.5 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 127.52 | 101.78 | 128.55 | 155.76 | 160.30 |
Gross profit | 91.87 | 79.17 | 96.20 | 108.50 | 110.60 |
EBIT | 4.72 | -8.24 | 9.21 | 14.73 | 12.76 |
Net earnings | 1.43 | -5.09 | 7.15 | 9.85 | 8.46 |
Shareholders equity total | 58.00 | 53.07 | 63.66 | 82.53 | 89.71 |
Balance sheet total (assets) | 183.84 | 178.33 | 188.93 | 192.51 | 206.46 |
Net debt | 30.18 | 13.59 | |||
Profitability | |||||
EBIT-% | 3.7 % | -8.1 % | 7.2 % | 9.5 % | 8.0 % |
ROA | 2.7 % | -4.6 % | 5.0 % | 7.7 % | 6.8 % |
ROE | 2.4 % | -9.2 % | 12.2 % | 13.5 % | 9.8 % |
ROI | 3.1 % | -4.6 % | 5.0 % | 8.4 % | 8.2 % |
Economic value added (EVA) | 1.90 | -11.16 | 6.54 | 8.34 | 4.51 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 42.9 % | 43.5 % |
Gearing | 84.8 % | 74.9 % | |||
Relative net indebtedness % | 39.5 % | 32.7 % | |||
Liquidity | |||||
Quick ratio | 1.4 | 1.5 | |||
Current ratio | 1.5 | 1.5 | |||
Cash and cash equivalents | 39.77 | 53.64 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 21.7 | 25.3 | |||
Net working capital % | 10.8 % | 14.5 % | |||
Credit risk | |||||
Credit rating | BBB | A | AAA | AAA |
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