Assens Fjernvarme Service A/S — Credit Rating and Financial Key Figures

CVR number: 40517537
Stejlebjergvej 4, 5610 Assens

Credit rating

Company information

Official name
Assens Fjernvarme Service A/S
Personnel
21 persons
Established
2019
Company form
Limited company
Industry
  • Expand more icon35Electricity, gas, steam and air conditioning supply

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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales10 286.8610 386.6512 150.7714 083.9915 692.37
Gross profit10 286.8610 386.6512 150.7714 083.9915 692.37
EBIT1 016.9040.28735.81378.50- 170.87
Net earnings807.9938.17586.49333.87- 122.70
Shareholders equity total2 120.592 158.762 745.253 079.112 956.41
Balance sheet total (assets)4 767.083 364.894 241.274 765.514 687.37
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 %
ROA24.7 %1.3 %19.8 %9.8 %-3.0 %
ROE47.1 %1.8 %23.9 %11.5 %-4.1 %
ROI38.5 %2.1 %29.7 %14.5 %-4.6 %
Economic value added (EVA)882.61104.39574.01265.38- 152.53
Solvency
Equity ratio44.5 %64.2 %64.7 %64.6 %63.1 %
Gearing10.6 %0.1 %5.9 %3.4 %
Relative net indebtedness %-9.1 %-8.4 %-6.2 %-7.9 %3.4 %
Liquidity
Quick ratio2.42.52.72.71.9
Current ratio2.42.52.72.71.9
Cash and cash equivalents3 585.712 074.462 248.792 802.321 195.12
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 ratingABBBAABBB

Variable visualization

ROA:-3.01%
Rating: 17/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:63.1%
Rating: 48/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Chief executive officer
Board member

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