Fortinet Denmark ApS — Credit Rating and Financial Key Figures

CVR number: 40875344
Lyngbyvej 20, 2100 København Ø

Credit rating

Company information

Official name
Fortinet Denmark ApS
Personnel
45 persons
Established
2019
Company form
Private limited company
Industry

About Fortinet Denmark ApS

Fortinet Denmark ApS (CVR number: 40875344) is a company from KØBENHAVN. The company recorded a gross profit of 74 mDKK in 2024. The operating profit was 4866.2 kDKK, while net earnings were 3621.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 18.4 %, which can be considered excellent and Return on Equity (ROE) was 29.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 55.2 %, 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. Fortinet Denmark ApS's liquidity measured by quick ratio was 2.2 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit33 448.0640 756.9067 256.4278 379.1173 954.49
EBIT2 135.612 658.764 327.105 241.744 866.15
Net earnings1 595.521 921.033 227.443 833.473 621.47
Shareholders equity total1 635.523 556.566 784.0010 617.4714 238.94
Balance sheet total (assets)16 622.1015 489.4224 565.3227 072.4725 773.67
Net debt-10 290.48-2 549.49-2 731.43-6 009.34-12 990.66
Profitability
EBIT-%
ROA12.8 %16.6 %21.7 %20.3 %18.4 %
ROE97.6 %74.0 %62.4 %44.1 %29.1 %
ROI51.3 %68.8 %84.0 %60.3 %39.2 %
Economic value added (EVA)1 650.021 938.343 133.913 650.973 138.95
Solvency
Equity ratio9.8 %23.0 %27.6 %39.2 %55.2 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio1.31.31.31.62.2
Current ratio1.31.31.31.62.2
Cash and cash equivalents10 290.482 549.492 731.436 009.3412 990.66
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:18.4%
Rating: 71/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:55.2%
Rating: 43/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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