Crossbridge Energy A/S — Credit Rating and Financial Key Figures

CVR number: 10373816
Egeskovvej 265, 7000 Fredericia
fredericia-reception-refine-r@crossbridge.dk
tel: 79203522

Credit rating

Company information

Official name
Crossbridge Energy A/S
Personnel
286 persons
Established
1913
Company form
Limited company
Industry
  • Expand more icon19Manufacture of coke and refined petroleum products

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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020202120222023
Volume
Net sales8 363.1012 628.0024 190.1019 312.60
Gross profit- 459.40- 129.001 814.10562.70
EBIT- 552.70- 289.301 613.30639.70
Net earnings- 534.70- 604.001 164.20273.80
Shareholders equity total767.40642.701 806.902 080.70
Balance sheet total (assets)2 754.303 587.004 141.504 293.80
Net debt2 143.101 350.10922.10
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- 357.541 489.22448.73
Solvency
Equity ratio27.9 %17.9 %43.6 %48.5 %
Gearing356.1 %86.0 %60.7 %
Relative net indebtedness %23.8 %22.2 %8.8 %9.7 %
Liquidity
Quick ratio0.50.50.60.7
Current ratio0.80.91.21.3
Cash and cash equivalents145.70203.30341.10
Capital use efficiency
Trade debtors turnover (days)25.738.69.411.0
Net working capital %-4.0 %-1.5 %2.2 %4.0 %
Credit risk
Credit ratingBBBBBBAAA

Variable visualization

ROA:16.4%
Rating: 68/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:48.5%
Rating: 39/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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