Ø/strøm A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Ø/strøm A/S
Ø/strøm A/S (CVR number: 29685746) is a company from LANGELAND. The company reported a net sales of 33.2 mDKK in 2024, demonstrating a decline of -39.8 % compared to the previous year. The operating profit percentage was poor at -0.2 % (EBIT: -0.1 mDKK), while net earnings were 171.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.8 %, which can be considered weak and Return on Equity (ROE) was 2.9 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 34.6 %, 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. Ø/strøm A/S's liquidity measured by quick ratio was 1.5 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 18.52 | 32.16 | 92.57 | 55.14 | 33.19 |
Gross profit | -1.78 | -2.23 | -9.44 | 5.14 | 5.36 |
EBIT | -1.90 | -2.23 | -9.57 | -0.16 | -0.06 |
Net earnings | -1.56 | -1.78 | -7.53 | -0.10 | 0.17 |
Shareholders equity total | 2.65 | 3.48 | -4.05 | 5.85 | 6.02 |
Balance sheet total (assets) | 11.62 | 20.78 | 26.98 | 27.77 | 17.41 |
Net debt | 0.97 | 4.30 | 8.97 | 2.88 | 4.02 |
Profitability | |||||
EBIT-% | -10.3 % | -6.9 % | -10.3 % | -0.3 % | -0.2 % |
ROA | -14.3 % | -13.6 % | -36.7 % | -0.3 % | 0.8 % |
ROE | -45.4 % | -57.9 % | -49.4 % | -0.6 % | 2.9 % |
ROI | -21.8 % | -26.9 % | -103.1 % | -0.7 % | 1.1 % |
Economic value added (EVA) | -1.51 | -1.69 | -7.58 | 0.10 | 0.17 |
Solvency | |||||
Equity ratio | 22.8 % | 16.7 % | -13.0 % | 21.1 % | 34.6 % |
Gearing | 172.9 % | 162.6 % | -230.6 % | 227.1 % | 96.2 % |
Relative net indebtedness % | 28.9 % | 49.6 % | 33.1 % | 20.9 % | 29.0 % |
Liquidity | |||||
Quick ratio | 1.3 | 1.2 | 0.9 | 1.3 | 1.5 |
Current ratio | 1.3 | 1.2 | 0.9 | 1.3 | 1.5 |
Cash and cash equivalents | 3.62 | 1.35 | 0.36 | 10.40 | 1.77 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 110.3 | 81.2 | 16.2 | 53.6 | 90.0 |
Net working capital % | 14.3 % | 10.8 % | -4.9 % | 10.1 % | 17.9 % |
Credit risk | |||||
Credit rating | BB | BB | B | BBB | BBB |
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