Forstas A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Forstas A/S
Forstas A/S (CVR number: 29615756) is a company from FREDERICIA. The company reported a net sales of 427.8 mDKK in 2024, demonstrating a growth of 24.7 % compared to the previous year. The operating profit percentage was at 6 % (EBIT: 25.8 mDKK), while net earnings were 17 mDKK. The profitability of the company measured by Return on Assets (ROA) was 14.5 %, which can be considered good but Return on Equity (ROE) was 29 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 36.6 %, 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. Forstas A/S'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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 254.87 | 267.79 | 307.84 | 343.05 | 427.77 |
Gross profit | 134.44 | 136.10 | 150.91 | 171.33 | 205.15 |
EBIT | 11.63 | 12.42 | 18.87 | 17.49 | 25.83 |
Net earnings | 8.53 | 9.72 | 14.04 | 11.64 | 17.04 |
Shareholders equity total | 29.27 | 38.99 | 47.03 | 52.67 | 64.71 |
Balance sheet total (assets) | 104.00 | 115.68 | 138.48 | 180.44 | 176.69 |
Net debt | 13.34 | 14.72 | 20.33 | 27.94 | 14.70 |
Profitability | |||||
EBIT-% | 4.6 % | 4.6 % | 6.1 % | 5.1 % | 6.0 % |
ROA | 9.5 % | 11.9 % | 15.0 % | 11.2 % | 14.5 % |
ROE | 34.1 % | 28.5 % | 32.6 % | 23.3 % | 29.0 % |
ROI | 13.9 % | 18.9 % | 22.7 % | 16.4 % | 20.4 % |
Economic value added (EVA) | 7.95 | 8.14 | 12.69 | 11.21 | 17.33 |
Solvency | |||||
Equity ratio | 28.1 % | 33.7 % | 34.0 % | 29.2 % | 36.6 % |
Gearing | 45.6 % | 37.8 % | 43.2 % | 53.0 % | 28.4 % |
Relative net indebtedness % | 28.0 % | 27.5 % | 28.5 % | 36.0 % | 24.3 % |
Liquidity | |||||
Quick ratio | 1.0 | 1.2 | 1.2 | 1.2 | 1.3 |
Current ratio | 1.0 | 1.2 | 1.2 | 1.2 | 1.3 |
Cash and cash equivalents | 0.00 | 3.65 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 72.5 | 78.4 | 77.3 | 93.7 | 60.4 |
Net working capital % | 0.8 % | 4.1 % | 4.7 % | 4.4 % | 4.5 % |
Credit risk | |||||
Credit rating | AA | AA | AA | AA | AA |
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