FORMULA LEASING A/S — Credit Rating and Financial Key Figures

CVR number: 33065477
Lundtoftegårdsvej 10, 2800 Kongens Lyngby
Free credit report Annual report

Credit rating

Company information

Official name
FORMULA LEASING A/S
Personnel
10 persons
Established
2010
Company form
Limited company
Industry

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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit8 761.008 762.0010 021.006 470.70- 493.71
EBIT416.00- 110.001 435.00-1 818.40-10 896.40
Net earnings13 844.0018 205.0019 967.009 824.2313 478.49
Shareholders equity total65 569.0086 782.00106 756.00116 580.42130 058.91
Balance sheet total (assets)716 179.00817 135.00930 225.001 150 958.131 284 773.73
Net debt803 551.44846 556.82
Profitability
EBIT-%
ROA0.1 %-0.0 %0.2 %4.8 %4.8 %
ROE23.0 %23.9 %20.6 %8.8 %10.9 %
ROI0.1 %-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 ratio100.0 %100.0 %100.0 %21.2 %22.1 %
Gearing689.3 %650.9 %
Relative net indebtedness %
Liquidity
Quick ratio1.51.6
Current ratio1.21.2
Cash and cash equivalents31.2231.22
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:4.76%
Rating: 42/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:22.1%
Rating: 21/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chairman of the board
Board member

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