Credit rating
Company information
About Ørsted Services A/S
Ørsted Services A/S (CVR number: 27446485) is a company from FREDERICIA. The company reported a net sales of 2885.4 mDKK in 2023, demonstrating a decline of -2.3 % compared to the previous year. The operating profit percentage was at 4 % (EBIT: 116.8 mDKK), while net earnings were 105.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 12.5 %, which can be considered good but Return on Equity (ROE) was 19.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 41.5 %, 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. Ørsted Services A/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 2 537.02 | 2 567.84 | 2 579.45 | 2 952.84 | 2 885.38 |
Gross profit | 1 169.22 | 1 191.12 | 1 213.33 | 1 283.61 | 1 447.59 |
EBIT | 78.93 | 47.98 | 118.19 | 90.39 | 116.85 |
Net earnings | 66.96 | 37.07 | 89.84 | 65.31 | 105.94 |
Shareholders equity total | 387.39 | 349.36 | 421.18 | 477.56 | 589.43 |
Balance sheet total (assets) | 881.92 | 1 033.17 | 864.03 | 1 159.82 | 1 421.96 |
Net debt | 49.59 | 125.64 | 63.48 | 273.01 | 402.25 |
Profitability | |||||
EBIT-% | 3.1 % | 1.9 % | 4.6 % | 3.1 % | 4.0 % |
ROA | 10.8 % | 6.7 % | 13.8 % | 10.3 % | 12.5 % |
ROE | 18.9 % | 10.1 % | 23.3 % | 14.5 % | 19.9 % |
ROI | 21.9 % | 13.2 % | 26.7 % | 16.8 % | 18.6 % |
Economic value added (EVA) | 52.17 | 22.38 | 79.37 | 51.47 | 97.76 |
Solvency | |||||
Equity ratio | 43.9 % | 33.8 % | 48.7 % | 41.2 % | 41.5 % |
Gearing | 14.7 % | 39.1 % | 16.8 % | 57.2 % | 68.2 % |
Relative net indebtedness % | 19.2 % | 26.2 % | 16.9 % | 23.1 % | 28.9 % |
Liquidity | |||||
Quick ratio | 1.4 | 1.1 | 1.2 | 1.2 | 1.3 |
Current ratio | 1.4 | 1.1 | 1.2 | 1.2 | 1.3 |
Cash and cash equivalents | 7.33 | 10.94 | 7.11 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | 1.0 | 1.4 | 0.3 | 0.7 | 0.4 |
Net working capital % | 7.7 % | 2.5 % | 3.8 % | 5.1 % | 9.7 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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