Forstas A/S — Credit Rating and Financial Key Figures

CVR number: 29615756
Prins Georgs Kvarter 3, Snoghøj 7000 Fredericia
info@forstas.dk
www.forstas.dk

Company information

Official name
Forstas A/S
Personnel
296 persons
Established
2006
Domicile
Snoghøj
Company form
Limited company
Industry

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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales254.87267.79307.84343.05427.77
Gross profit134.44136.10150.91171.33205.15
EBIT11.6312.4218.8717.4925.83
Net earnings8.539.7214.0411.6417.04
Shareholders equity total29.2738.9947.0352.6764.71
Balance sheet total (assets)104.00115.68138.48180.44176.69
Net debt13.3414.7220.3327.9414.70
Profitability
EBIT-%4.6 %4.6 %6.1 %5.1 %6.0 %
ROA9.5 %11.9 %15.0 %11.2 %14.5 %
ROE34.1 %28.5 %32.6 %23.3 %29.0 %
ROI13.9 %18.9 %22.7 %16.4 %20.4 %
Economic value added (EVA)7.958.1412.6911.2117.33
Solvency
Equity ratio28.1 %33.7 %34.0 %29.2 %36.6 %
Gearing45.6 %37.8 %43.2 %53.0 %28.4 %
Relative net indebtedness %28.0 %27.5 %28.5 %36.0 %24.3 %
Liquidity
Quick ratio1.01.21.21.21.3
Current ratio1.01.21.21.21.3
Cash and cash equivalents0.003.65
Capital use efficiency
Trade debtors turnover (days)72.578.477.393.760.4
Net working capital %0.8 %4.1 %4.7 %4.4 %4.5 %
Credit risk
Credit ratingAAAAAAAAAA

Variable visualization

ROA:14.5%
Rating: 65/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:36.6%
Rating: 31/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chief executive officer
Chairman of the board
Chief executive officer

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