Faro underwriters ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Faro underwriters ApS
Faro underwriters ApS (CVR number: 40025626) is a company from BALLERUP. The company recorded a gross profit of 2221.1 kDKK in 2024. The operating profit was 378.9 kDKK, while net earnings were -126.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.5 %, which can be considered decent but Return on Equity (ROE) was -167.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 54.5 %, 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. Faro underwriters ApS's liquidity measured by quick ratio was 2.1 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 523.63 | 2 204.54 | 1 858.11 | 1 325.83 | 2 221.07 |
EBIT | 230.50 | 569.34 | 450.28 | - 792.24 | 378.90 |
Net earnings | 178.50 | 433.02 | 311.65 | - 830.68 | - 126.56 |
Shareholders equity total | 224.75 | 657.77 | 969.42 | 138.74 | 12.18 |
Balance sheet total (assets) | 6 661.81 | 7 139.55 | 6 277.06 | 10 240.88 | 6 898.48 |
Net debt | 1 608.67 | 1 612.54 | 1 587.75 | 1 471.13 | 4 858.72 |
Profitability | |||||
EBIT-% | |||||
ROA | 6.9 % | 8.3 % | 6.7 % | -9.5 % | 4.5 % |
ROE | 131.7 % | 98.1 % | 38.3 % | -149.9 % | -167.7 % |
ROI | 24.3 % | 27.3 % | 18.2 % | -37.1 % | 11.4 % |
Economic value added (EVA) | 177.82 | 348.78 | 231.23 | - 923.87 | 296.92 |
Solvency | |||||
Equity ratio | 3.4 % | 9.2 % | 15.4 % | 1.4 % | 54.5 % |
Gearing | 723.1 % | 252.6 % | 170.2 % | 1075.8 % | 41840.9 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.0 | 1.1 | 1.2 | 1.0 | 2.1 |
Current ratio | 1.0 | 1.1 | 1.2 | 1.0 | 2.1 |
Cash and cash equivalents | 16.47 | 49.15 | 62.35 | 21.46 | 237.50 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | B | BB |
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