THE WAY FORWARD ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About THE WAY FORWARD ApS
THE WAY FORWARD ApS (CVR number: 25473159K) is a company from KØBENHAVN. The company reported a net sales of 350.4 mDKK in 2024, demonstrating a decline of -18.8 % compared to the previous year. The operating profit percentage was at 4.7 % (EBIT: 16.6 mDKK), while net earnings were 1313 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.2 %, which can be considered decent but Return on Equity (ROE) was 0.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 37.9 %, 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. THE WAY FORWARD ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 236.40 | 244.50 | 399.29 | 431.54 | 350.40 |
Gross profit | 40.40 | 34.50 | 69.75 | 66.34 | 60.49 |
EBIT | 40.40 | 34.50 | 23.81 | 22.10 | 16.58 |
Net earnings | 14.80 | -4.70 | 34.19 | 2.53 | 1.31 |
Shareholders equity total | 141.70 | 149.62 | 190.64 | 168.91 | 171.56 |
Balance sheet total (assets) | 269.60 | 284.00 | 396.08 | 450.94 | 463.09 |
Net debt | -20.77 | 39.52 | 82.86 | 90.59 | |
Profitability | |||||
EBIT-% | 17.1 % | 14.1 % | 6.0 % | 5.1 % | 4.7 % |
ROA | 14.2 % | 12.5 % | 15.3 % | 6.1 % | 4.2 % |
ROE | 10.2 % | -3.2 % | 21.6 % | 1.5 % | 0.8 % |
ROI | 14.2 % | 12.5 % | 17.6 % | 7.7 % | 6.4 % |
Economic value added (EVA) | 32.94 | 27.38 | 8.04 | 2.88 | -1.77 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 49.9 % | 38.8 % | 37.9 % |
Gearing | 31.2 % | 57.2 % | 56.2 % | ||
Relative net indebtedness % | -8.5 % | 45.2 % | 61.2 % | 80.6 % | |
Liquidity | |||||
Quick ratio | 0.7 | 0.6 | 0.7 | ||
Current ratio | 1.2 | 1.0 | 1.0 | ||
Cash and cash equivalents | 20.77 | 20.05 | 13.79 | 5.75 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | 53.2 | 52.0 | 60.3 | ||
Net working capital % | 8.5 % | 8.1 % | 1.7 % | -0.5 % | |
Credit risk | |||||
Credit rating | BBB | BBB | AAA | AA | AA |
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