VORDINGBORG KRAFTVARME A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VORDINGBORG KRAFTVARME A/S
VORDINGBORG KRAFTVARME A/S (CVR number: 34078149) is a company from VORDINGBORG. The company reported a net sales of 66.3 mDKK in 2024, demonstrating a decline of -8.2 % compared to the previous year. The operating profit percentage was poor at -10.7 % (EBIT: -7.1 mDKK), while net earnings were -6265.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -5.2 %, which can be considered poor and Return on Equity (ROE) was -9.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 53.8 %, 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. VORDINGBORG KRAFTVARME A/S's liquidity measured by quick ratio was 1.9 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 60.90 | 78.37 | 86.65 | 72.23 | 66.32 |
Gross profit | 14.71 | 33.64 | 40.97 | 20.30 | 5.76 |
EBIT | 4.79 | 20.91 | 30.85 | 9.11 | -7.11 |
Net earnings | 1.96 | 14.59 | 22.53 | 6.14 | -6.27 |
Shareholders equity total | 26.66 | 41.25 | 63.78 | 69.92 | 63.65 |
Balance sheet total (assets) | 101.26 | 116.96 | 135.79 | 132.15 | 118.31 |
Net debt | 42.87 | 33.47 | 20.46 | 26.14 | 22.47 |
Profitability | |||||
EBIT-% | 7.9 % | 26.7 % | 35.6 % | 12.6 % | -10.7 % |
ROA | 4.7 % | 19.2 % | 24.5 % | 7.2 % | -5.2 % |
ROE | 7.6 % | 43.0 % | 42.9 % | 9.2 % | -9.4 % |
ROI | 5.2 % | 21.8 % | 28.1 % | 8.0 % | -5.7 % |
Economic value added (EVA) | -0.91 | 11.76 | 18.97 | 1.13 | -11.62 |
Solvency | |||||
Equity ratio | 26.3 % | 35.3 % | 47.0 % | 52.9 % | 53.8 % |
Gearing | 223.5 % | 137.1 % | 81.8 % | 68.0 % | 67.0 % |
Relative net indebtedness % | 88.2 % | 62.6 % | 43.0 % | 51.9 % | 49.6 % |
Liquidity | |||||
Quick ratio | 2.0 | 2.3 | 3.1 | 2.6 | 1.9 |
Current ratio | 2.2 | 2.4 | 3.2 | 2.8 | 2.1 |
Cash and cash equivalents | 16.70 | 23.09 | 31.73 | 21.41 | 20.20 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 0.1 | 0.4 | 1.2 | 0.1 | 0.3 |
Net working capital % | 34.2 % | 43.2 % | 57.0 % | 44.2 % | 27.8 % |
Credit risk | |||||
Credit rating | AA | AA | AA | AAA | A |
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