Kredsløb Affaldsenergi A/S — Credit Rating and Financial Key Figures

CVR number: 40844260
Ølstedvej 20, Lisbjerg 8200 Aarhus N

Credit rating

Company information

Official name
Kredsløb Affaldsenergi A/S
Established
2019
Domicile
Lisbjerg
Company form
Limited company
Industry
  • Expand more icon38Waste collection, treatment and disposal activities; materials recovery

About Kredsløb Affaldsenergi A/S

Kredsløb Affaldsenergi A/S (CVR number: 40844260) is a company from AARHUS. The company reported a net sales of 409.2 mDKK in 2023, demonstrating a growth of 1.7 % compared to the previous year. The operating profit percentage was at 0.3 % (EBIT: 1.4 mDKK), while net earnings were 0 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.6 %, which can be considered weak and Return on Equity (ROE) was 0 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 12.6 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Kredsløb Affaldsenergi A/S's liquidity measured by quick ratio was 2 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

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
Volume
Net sales370.00285.00402.31409.22
Gross profit370.00285.00108.9718.29
EBIT8.00-1.0094.601.36
Net earnings-3.0067.91
Shareholders equity total98.0098.00137.22121.07
Balance sheet total (assets)775.00820.001 069.55960.37
Net debt239.52212.93
Profitability
EBIT-%2.2 %-0.4 %23.5 %0.3 %
ROA1.0 %-0.1 %10.1 %0.6 %
ROE-3.1 %57.7 %
ROI1.0 %-0.1 %10.6 %0.6 %
Economic value added (EVA)8.00-5.9264.78-15.34
Solvency
Equity ratio100.0 %100.0 %12.8 %12.6 %
Gearing174.6 %175.9 %
Relative net indebtedness %85.3 %65.0 %
Liquidity
Quick ratio1.52.0
Current ratio1.52.0
Cash and cash equivalents
Capital use efficiency
Trade debtors turnover (days)47.324.5
Net working capital %16.6 %16.8 %
Credit risk
Credit ratingBBBBBBAAA

Variable visualization

ROA:0.56%
Rating: 23/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:12.6%
Rating: 12/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Chief executive officer

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