TRUST FORWARDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About TRUST FORWARDING A/S
TRUST FORWARDING A/S (CVR number: 25674162) is a company from HVIDOVRE. The company recorded a gross profit of 0 kDKK in 2023. The operating profit was -131 kDKK, while net earnings were 38 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.3 %, which can be considered weak and Return on Equity (ROE) was 0.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 98.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. TRUST FORWARDING A/S's liquidity measured by quick ratio was 84.7 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 52.60 | 33.89 | 32.57 | ||
Gross profit | 5.47 | 4.22 | 8.28 | ||
EBIT | -3.71 | -4.98 | 1.60 | -0.91 | -0.13 |
Net earnings | -2.90 | -8.85 | 1.21 | -0.96 | 0.04 |
Shareholders equity total | 16.82 | 7.97 | 9.19 | 8.23 | 12.38 |
Balance sheet total (assets) | 22.82 | 10.26 | 12.73 | 11.99 | 12.53 |
Net debt | 0.73 | 0.34 | 0.29 | -4.89 | -1.55 |
Profitability | |||||
EBIT-% | -7.0 % | -14.7 % | 4.9 % | ||
ROA | -15.8 % | -29.7 % | 14.3 % | -7.2 % | 0.3 % |
ROE | -15.9 % | -71.4 % | 14.1 % | -11.0 % | 0.4 % |
ROI | -19.5 % | -37.7 % | 18.2 % | -9.9 % | 0.4 % |
Economic value added (EVA) | -3.87 | -4.37 | 0.85 | -1.36 | -0.29 |
Solvency | |||||
Equity ratio | 73.7 % | 77.7 % | 72.2 % | 68.6 % | 98.8 % |
Gearing | 5.1 % | 4.6 % | 5.7 % | 1.2 % | 0.1 % |
Relative net indebtedness % | 11.2 % | 6.7 % | 10.2 % | ||
Liquidity | |||||
Quick ratio | 3.8 | 4.5 | 3.6 | 3.2 | 84.7 |
Current ratio | 3.8 | 4.5 | 3.6 | 3.2 | 84.7 |
Cash and cash equivalents | 0.13 | 0.03 | 0.22 | 4.98 | 1.56 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 35.5 | 27.6 | 34.2 | ||
Net working capital % | 32.0 % | 23.5 % | 28.2 % | ||
Credit risk | |||||
Credit rating | BB | BB | BBB | BB | BB |
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