FORMULA LEASING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FORMULA LEASING A/S
FORMULA LEASING A/S (CVR number: 33065477) is a company from LYNGBY-TAARBÆK. The company recorded a gross profit of -493.7 kDKK in 2024. The operating profit was -10.9 mDKK, while net earnings were 13.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4.8 %, which can be considered decent but Return on Equity (ROE) was 10.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 22.1 %, 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. FORMULA LEASING A/S's liquidity measured by quick ratio was 1.6 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 8 761.00 | 8 762.00 | 10 021.00 | 6 470.70 | - 493.71 |
EBIT | 416.00 | - 110.00 | 1 435.00 | -1 818.40 | -10 896.40 |
Net earnings | 13 844.00 | 18 205.00 | 19 967.00 | 9 824.23 | 13 478.49 |
Shareholders equity total | 65 569.00 | 86 782.00 | 106 756.00 | 116 580.42 | 130 058.91 |
Balance sheet total (assets) | 716 179.00 | 817 135.00 | 930 225.00 | 1 150 958.13 | 1 284 773.73 |
Net debt | 803 551.44 | 846 556.82 | |||
Profitability | |||||
EBIT-% | |||||
ROA | 0.1 % | -0.0 % | 0.2 % | 4.8 % | 4.8 % |
ROE | 23.0 % | 23.9 % | 20.6 % | 8.8 % | 10.9 % |
ROI | 0.1 % | -0.0 % | 0.2 % | 5.4 % | 6.1 % |
Economic value added (EVA) | -2 333.93 | -3 404.84 | -2 925.80 | -6 775.75 | -54 739.74 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 21.2 % | 22.1 % |
Gearing | 689.3 % | 650.9 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.5 | 1.6 | |||
Current ratio | 1.2 | 1.2 | |||
Cash and cash equivalents | 31.22 | 31.22 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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