Assens Fjernvarme Service A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Assens Fjernvarme Service A/S
Assens Fjernvarme Service A/S (CVR number: 40517537) is a company from ASSENS. The company reported a net sales of 15.7 mDKK in 2024, demonstrating a growth of 11.4 % compared to the previous year. The operating profit percentage was poor at -1.1 % (EBIT: -0.2 mDKK), while net earnings were -122.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3 %, which can be considered poor and Return on Equity (ROE) was -4.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 63.1 %, 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. Assens Fjernvarme Service 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 10 286.86 | 10 386.65 | 12 150.77 | 14 083.99 | 15 692.37 |
Gross profit | 10 286.86 | 10 386.65 | 12 150.77 | 14 083.99 | 15 692.37 |
EBIT | 1 016.90 | 40.28 | 735.81 | 378.50 | - 170.87 |
Net earnings | 807.99 | 38.17 | 586.49 | 333.87 | - 122.70 |
Shareholders equity total | 2 120.59 | 2 158.76 | 2 745.25 | 3 079.11 | 2 956.41 |
Balance sheet total (assets) | 4 767.08 | 3 364.89 | 4 241.27 | 4 765.51 | 4 687.37 |
Net debt | -3 361.87 | -2 072.33 | -2 087.59 | -2 698.61 | -1 195.12 |
Profitability | |||||
EBIT-% | 9.9 % | 0.4 % | 6.1 % | 2.7 % | -1.1 % |
ROA | 24.7 % | 1.3 % | 19.8 % | 9.8 % | -3.0 % |
ROE | 47.1 % | 1.8 % | 23.9 % | 11.5 % | -4.1 % |
ROI | 38.5 % | 2.1 % | 29.7 % | 14.5 % | -4.6 % |
Economic value added (EVA) | 882.61 | 104.39 | 574.01 | 265.38 | - 152.53 |
Solvency | |||||
Equity ratio | 44.5 % | 64.2 % | 64.7 % | 64.6 % | 63.1 % |
Gearing | 10.6 % | 0.1 % | 5.9 % | 3.4 % | |
Relative net indebtedness % | -9.1 % | -8.4 % | -6.2 % | -7.9 % | 3.4 % |
Liquidity | |||||
Quick ratio | 2.4 | 2.5 | 2.7 | 2.7 | 1.9 |
Current ratio | 2.4 | 2.5 | 2.7 | 2.7 | 1.9 |
Cash and cash equivalents | 3 585.71 | 2 074.46 | 2 248.79 | 2 802.32 | 1 195.12 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 0.1 | ||||
Net working capital % | 25.9 % | 17.7 % | 20.4 % | 20.5 % | 9.6 % |
Credit risk | |||||
Credit rating | A | BBB | A | A | BBB |
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