ORGANIC FUEL TECHNOLOGY A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ORGANIC FUEL TECHNOLOGY A/S
ORGANIC FUEL TECHNOLOGY A/S (CVR number: 30732758) is a company from AARHUS. The company recorded a gross profit of 963.5 kDKK in 2023. The operating profit was -2680.2 kDKK, while net earnings were -2044.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -12.8 %, which can be considered poor and Return on Equity (ROE) was -13.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 90.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. ORGANIC FUEL TECHNOLOGY A/S's liquidity measured by quick ratio was 10.4 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 | -62.18 | 581.48 | 1 276.65 | 963.47 | |
EBIT | - 299.47 | - 539.07 | -1 911.75 | -2 680.17 | |
Net earnings | - 165.60 | - 304.67 | -1 938.52 | -2 044.16 | |
Shareholders equity total | 8 715.54 | 8 887.87 | 13 374.35 | 17 755.19 | |
Balance sheet total (assets) | 8 978.41 | 13 793.88 | 17 238.96 | 24 699.08 | |
Net debt | - 126.24 | -0.41 | - 990.80 | 970.59 | |
Profitability | |||||
EBIT-% | |||||
ROA | -3.3 % | -4.7 % | -11.1 % | -12.8 % | |
ROE | -1.9 % | -3.5 % | -14.5 % | -13.1 % | |
ROI | -3.4 % | -6.1 % | -11.3 % | -12.6 % | |
Economic value added (EVA) | - 637.11 | - 814.35 | - 312.17 | -1 738.30 | -2 325.10 |
Solvency | |||||
Equity ratio | 97.1 % | 64.4 % | 85.3 % | 90.1 % | |
Gearing | 6.8 % | ||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.4 | 0.1 | 5.8 | 10.4 | |
Current ratio | 2.4 | 0.1 | 5.8 | 10.4 | |
Cash and cash equivalents | 126.24 | 0.41 | 990.80 | 233.46 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB |
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