TRUST FORWARDING A/S — Credit Rating and Financial Key Figures

CVR number: 25674162
Jernholmen 49, 2650 Hvidovre
tel: 32323232
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Company information

Official name
TRUST FORWARDING A/S
Personnel
5 persons
Established
2000
Company form
Limited company
Industry

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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales52.6033.8932.57
Gross profit5.474.228.28
EBIT-3.71-4.981.60-0.91-0.13
Net earnings-2.90-8.851.21-0.960.04
Shareholders equity total16.827.979.198.2312.38
Balance sheet total (assets)22.8210.2612.7311.9912.53
Net debt0.730.340.29-4.89-1.55
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)-3.87-4.370.85-1.36-0.29
Solvency
Equity ratio73.7 %77.7 %72.2 %68.6 %98.8 %
Gearing5.1 %4.6 %5.7 %1.2 %0.1 %
Relative net indebtedness %11.2 %6.7 %10.2 %
Liquidity
Quick ratio3.84.53.63.284.7
Current ratio3.84.53.63.284.7
Cash and cash equivalents0.130.030.224.981.56
Capital use efficiency
Trade debtors turnover (days)35.527.634.2
Net working capital %32.0 %23.5 %28.2 %
Credit risk
Credit ratingBBBBBBBBBBB

Variable visualization

ROA:0.32%
Rating: 22/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:98.8%
Rating: 82/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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