Fortum Waste Solutions A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Fortum Waste Solutions A/S
Fortum Waste Solutions A/S (CVR number: 34484414) is a company from NYBORG. The company reported a net sales of 462.5 mDKK in 2023, demonstrating a decline of -3 % compared to the previous year. The operating profit percentage was at 9.9 % (EBIT: 45.8 mDKK), while net earnings were 49 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6.3 %, which can be considered decent and Return on Equity (ROE) was 6.6 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 75.8 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Fortum Waste Solutions A/S's liquidity measured by quick ratio was 4.1 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 377.92 | 415.89 | 407.92 | 477.00 | 462.45 |
Gross profit | 377.92 | 415.89 | 186.41 | 198.33 | 219.34 |
EBIT | -6.47 | 26.19 | 14.21 | 27.34 | 45.83 |
Net earnings | -44.06 | 33.19 | 17.43 | 62.45 | 49.00 |
Shareholders equity total | 605.42 | 638.61 | 656.04 | 718.49 | 767.49 |
Balance sheet total (assets) | 971.00 | 980.73 | 969.43 | 983.22 | 1 011.98 |
Net debt | - 347.56 | - 373.64 | - 224.81 | ||
Profitability | |||||
EBIT-% | -1.7 % | 6.3 % | 3.5 % | 5.7 % | 9.9 % |
ROA | -0.7 % | 2.7 % | 1.7 % | 8.2 % | 6.3 % |
ROE | -7.0 % | 5.3 % | 2.7 % | 9.1 % | 6.6 % |
ROI | -0.7 % | 2.7 % | 1.8 % | 9.1 % | 7.1 % |
Economic value added (EVA) | -39.60 | -4.23 | -20.66 | 5.45 | 18.89 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 67.7 % | 73.1 % | 75.8 % |
Gearing | 0.8 % | 1.2 % | 1.0 % | ||
Relative net indebtedness % | -61.9 % | -57.4 % | -25.7 % | ||
Liquidity | |||||
Quick ratio | 4.2 | 4.1 | 4.1 | ||
Current ratio | 4.3 | 4.3 | 4.3 | ||
Cash and cash equivalents | 352.78 | 382.32 | 232.22 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | 39.7 | 37.0 | 47.2 | ||
Net working capital % | 81.5 % | 74.4 % | 80.1 % | ||
Credit risk | |||||
Credit rating | BBB | BBB | AAA | AAA | AAA |
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