BETTER ENERGY RED P/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About BETTER ENERGY RED P/S
BETTER ENERGY RED P/S (CVR number: 35225366) is a company from AARHUS. The company recorded a gross profit of -1.6 kEUR in 2024. The operating profit was -1.6 kEUR, while net earnings were 60.5 kEUR. The profitability of the company measured by Return on Assets (ROA) was 6.2 %, which can be considered decent and Return on Equity (ROE) was 6.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 92.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. BETTER ENERGY RED P/S's liquidity measured by quick ratio was 8.3 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 financialsGross profit (kEUR)
EBIT (kEUR)
Profitability
Solidity
Key figures (kEUR)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -1.56 | -0.01 | -1.56 | ||
EBIT | -1.56 | -0.01 | -1.56 | ||
Net earnings | 24.98 | 2.95 | 145.49 | -32.65 | 60.52 |
Shareholders equity total | 401.91 | 404.87 | 883.45 | 750.76 | 1 037.46 |
Balance sheet total (assets) | 1 047.61 | 407.66 | 885.00 | 833.82 | 1 123.92 |
Net debt | 594.16 | 1.39 | 56.69 | - 219.03 | |
Profitability | |||||
EBIT-% | |||||
ROA | 22.6 % | -3.8 % | 6.2 % | ||
ROE | 6.0 % | 0.7 % | 22.6 % | -4.0 % | 6.8 % |
ROI | 22.7 % | -3.8 % | 6.4 % | ||
Economic value added (EVA) | -91.76 | -84.53 | -21.97 | -44.40 | -42.13 |
Solvency | |||||
Equity ratio | 23.7 % | 99.3 % | 99.8 % | 90.0 % | 92.3 % |
Gearing | 157.9 % | 0.3 % | 7.6 % | 5.7 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.7 | 0.9 | 289.7 | 4.9 | 8.3 |
Current ratio | 0.7 | 0.9 | 289.7 | 4.9 | 8.3 |
Cash and cash equivalents | 40.41 | 278.19 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BB | BBB | BBB | BBB |
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