Finn Sørensen ApS VVS & Teknik — Credit Rating and Financial Key Figures
Credit rating
Company information
About Finn Sørensen ApS VVS & Teknik
Finn Sørensen ApS VVS & Teknik (CVR number: 19848604) is a company from ODDER. The company recorded a gross profit of 1366.2 kDKK in 2023. The operating profit was -288.7 kDKK, while net earnings were -106.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4.6 %, which can be considered poor and Return on Equity (ROE) was -6.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 51.2 %, 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. Finn Sørensen ApS VVS & Teknik's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 1 915.05 | 2 664.29 | 1 705.16 | 2 044.18 | 1 366.21 |
EBIT | - 198.49 | 635.57 | - 286.29 | -42.50 | - 288.68 |
Net earnings | - 260.33 | 539.45 | - 109.01 | -63.00 | - 106.35 |
Shareholders equity total | 1 660.66 | 2 089.51 | 1 867.50 | 1 690.10 | 1 465.95 |
Balance sheet total (assets) | 3 406.29 | 4 634.15 | 3 421.72 | 2 726.55 | 2 864.36 |
Net debt | 539.94 | - 272.73 | - 816.05 | -30.67 | -27.25 |
Profitability | |||||
EBIT-% | |||||
ROA | -6.7 % | 17.3 % | -3.1 % | -1.7 % | -4.6 % |
ROE | -14.1 % | 28.8 % | -5.5 % | -3.5 % | -6.7 % |
ROI | -10.1 % | 29.8 % | -5.9 % | -3.0 % | -8.1 % |
Economic value added (EVA) | - 238.11 | 421.36 | - 311.64 | -51.99 | - 272.43 |
Solvency | |||||
Equity ratio | 48.8 % | 45.1 % | 54.6 % | 62.0 % | 51.2 % |
Gearing | 32.6 % | 9.2 % | 0.2 % | 0.2 % | 0.2 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.3 | 1.5 | 1.3 | 2.0 | 1.4 |
Current ratio | 1.5 | 1.6 | 1.5 | 2.2 | 1.7 |
Cash and cash equivalents | 1.20 | 464.03 | 819.66 | 34.28 | 30.86 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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