FORS Vand Holbæk A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FORS Vand Holbæk A/S
FORS Vand Holbæk A/S (CVR number: 33033346) is a company from HOLBÆK. The company reported a net sales of 16.9 mDKK in 2023, demonstrating a growth of 43.3 % compared to the previous year. The operating profit percentage was at 8.7 % (EBIT: 1.5 mDKK), while net earnings were 844 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1 %, which can be considered weak and Return on Equity (ROE) was 0.9 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 58.7 %, 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. FORS Vand Holbæk A/S's liquidity measured by quick ratio was 1.4 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 13 909.00 | 16 659.00 | 14 787.00 | 11 765.00 | 16 856.00 |
Gross profit | 5 730.00 | 8 020.00 | 4 042.00 | -3 174.00 | 6 786.00 |
EBIT | 707.00 | 3 657.00 | 109.00 | -7 127.00 | 1 460.00 |
Net earnings | 103.00 | 2 931.00 | - 518.00 | -6 579.00 | 844.00 |
Shareholders equity total | 94 556.00 | 97 229.00 | 98 031.00 | 93 765.00 | 94 473.00 |
Balance sheet total (assets) | 156 208.00 | 158 154.00 | 158 407.00 | 160 266.00 | 161 431.00 |
Net debt | -3 402.00 | -26.00 | -2 782.00 | 4 367.00 | 5 193.00 |
Profitability | |||||
EBIT-% | 5.1 % | 22.0 % | 0.7 % | -60.6 % | 8.7 % |
ROA | 0.5 % | 2.3 % | 0.1 % | -4.4 % | 1.0 % |
ROE | 0.1 % | 3.1 % | -0.5 % | -6.9 % | 0.9 % |
ROI | 0.5 % | 2.8 % | 0.1 % | -5.6 % | 1.4 % |
Economic value added (EVA) | -4 005.04 | - 578.42 | -4 495.61 | -10 795.94 | -3 744.52 |
Solvency | |||||
Equity ratio | 60.5 % | 61.5 % | 62.0 % | 58.6 % | 58.7 % |
Gearing | 23.4 % | 20.7 % | 17.5 % | 17.9 % | 16.1 % |
Relative net indebtedness % | 164.2 % | 163.1 % | 190.4 % | 380.5 % | 281.7 % |
Liquidity | |||||
Quick ratio | 2.2 | 2.7 | 2.4 | 1.4 | 1.4 |
Current ratio | 2.2 | 2.7 | 2.4 | 1.4 | 1.3 |
Cash and cash equivalents | 25 492.00 | 20 178.00 | 19 956.00 | 12 436.00 | 9 995.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 223.6 | 91.1 | 15.1 | 13.2 | 6.7 |
Net working capital % | 151.3 % | 104.6 % | 85.6 % | 36.3 % | 15.6 % |
Credit risk | |||||
Credit rating | AA | AAA | A | BBB | AA |
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