Better Energy Horslunde K/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Better Energy Horslunde K/S
Better Energy Horslunde K/S (CVR number: 38498053) is a company from FREDERIKSBERG. The company recorded a gross profit of -21.6 kDKK in 2023. The operating profit was -21.6 kDKK, while net earnings were 525.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.8 %, which can be considered weak and Return on Equity (ROE) was 2.6 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 95.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Better Energy Horslunde K/S's liquidity measured by quick ratio was 21.2 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -21.25 | -1.07 | -14.35 | -23.50 | -21.58 |
EBIT | -21.25 | -1.07 | -14.35 | -23.50 | -21.58 |
Net earnings | 1 513.73 | 2 347.90 | 1 924.78 | 2 476.80 | 525.16 |
Shareholders equity total | 12 889.34 | 15 237.24 | 17 162.02 | 19 638.82 | 20 163.98 |
Balance sheet total (assets) | 14 009.21 | 16 379.12 | 18 364.36 | 20 903.31 | 21 159.85 |
Net debt | 1 085.83 | 1 141.87 | -2 093.81 | -3 153.17 | -3 364.18 |
Profitability | |||||
EBIT-% | |||||
ROA | 7.1 % | 15.7 % | 12.2 % | 13.0 % | 2.8 % |
ROE | 12.5 % | 16.7 % | 11.9 % | 13.5 % | 2.6 % |
ROI | 7.1 % | 15.7 % | 12.2 % | 13.0 % | 2.8 % |
Economic value added (EVA) | -2 125.90 | -69.58 | 8.19 | 240.53 | 414.61 |
Solvency | |||||
Equity ratio | 92.0 % | 93.0 % | 93.5 % | 94.0 % | 95.3 % |
Gearing | 8.4 % | 7.5 % | 7.0 % | 6.4 % | 4.9 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 6.7 | 6.8 | 6.7 | 6.5 | 21.2 |
Current ratio | 6.7 | 6.8 | 6.7 | 6.5 | 21.2 |
Cash and cash equivalents | 0.49 | 3 296.14 | 4 417.66 | 4 359.06 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | AA | A | AA | A | BBB |
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