Crossbridge Energy A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Crossbridge Energy A/S
Crossbridge Energy A/S (CVR number: 10373816K) is a company from FREDERICIA. The company reported a net sales of 19312.6 mDKK in 2023, demonstrating a decline of -20.2 % compared to the previous year. The operating profit percentage was at 3.3 % (EBIT: 639.7 mDKK), while net earnings were 273.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 16.4 %, which can be considered excellent but Return on Equity (ROE) was 14.1 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 48.5 %, 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. Crossbridge Energy A/S's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|
Volume | ||||
Net sales | 8 363.10 | 12 628.00 | 24 190.10 | 19 312.60 |
Gross profit | - 459.40 | - 129.00 | 1 814.10 | 562.70 |
EBIT | - 552.70 | - 289.30 | 1 613.30 | 639.70 |
Net earnings | - 534.70 | - 604.00 | 1 164.20 | 273.80 |
Shareholders equity total | 767.40 | 642.70 | 1 806.90 | 2 080.70 |
Balance sheet total (assets) | 2 754.30 | 3 587.00 | 4 141.50 | 4 293.80 |
Net debt | 2 143.10 | 1 350.10 | 922.10 | |
Profitability | ||||
EBIT-% | -6.6 % | -2.3 % | 6.7 % | 3.3 % |
ROA | -17.9 % | -7.8 % | 43.2 % | 16.4 % |
ROE | -69.7 % | -85.7 % | 95.1 % | 14.1 % |
ROI | -60.2 % | -12.9 % | 51.1 % | 20.0 % |
Economic value added (EVA) | - 569.31 | - 357.54 | 1 489.22 | 448.73 |
Solvency | ||||
Equity ratio | 27.9 % | 17.9 % | 43.6 % | 48.5 % |
Gearing | 356.1 % | 86.0 % | 60.7 % | |
Relative net indebtedness % | 23.8 % | 22.2 % | 8.8 % | 9.7 % |
Liquidity | ||||
Quick ratio | 0.5 | 0.5 | 0.6 | 0.7 |
Current ratio | 0.8 | 0.9 | 1.2 | 1.3 |
Cash and cash equivalents | 145.70 | 203.30 | 341.10 | |
Capital use efficiency | ||||
Trade debtors turnover (days) | 25.7 | 38.6 | 9.4 | 11.0 |
Net working capital % | -4.0 % | -1.5 % | 2.2 % | 4.0 % |
Credit risk | ||||
Credit rating | BBB | BBB | A | AA |
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