Better Energy Generation II A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Better Energy Generation II A/S
Better Energy Generation II A/S (CVR number: 39069482) is a company from FREDERIKSBERG. The company recorded a gross profit of -78.9 kDKK in 2023. The operating profit was -78.9 kDKK, while net earnings were 146.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 12.7 %, which can be considered good but Return on Equity (ROE) was 54.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 12.8 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Better Energy Generation II A/S's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -35.00 | -43.50 | -42.01 | -90.58 | -78.91 |
EBIT | -35.00 | -43.50 | -42.01 | -90.58 | -78.91 |
Net earnings | 9 278.07 | 115 891.75 | 33 666.97 | 134 669.35 | 146 058.14 |
Shareholders equity total | 13 227.53 | 129 109.64 | 132 703.04 | 173 481.97 | 360 302.19 |
Balance sheet total (assets) | 89 224.88 | 338 365.63 | 559 738.53 | 837 258.43 | 2 804 571.00 |
Net debt | 75 975.82 | 208 758.89 | 426 475.43 | 663 372.20 | 2 443 832.20 |
Profitability | |||||
EBIT-% | |||||
ROA | 15.7 % | 56.3 % | 8.0 % | 20.6 % | 12.7 % |
ROE | 110.4 % | 162.8 % | 25.7 % | 88.0 % | 54.7 % |
ROI | 15.7 % | 56.3 % | 8.0 % | 20.6 % | 12.7 % |
Economic value added (EVA) | 1 991.30 | 2 602.91 | 8 606.77 | 8 929.75 | 11 136.40 |
Solvency | |||||
Equity ratio | 14.8 % | 38.2 % | 23.7 % | 20.7 % | 12.8 % |
Gearing | 574.4 % | 161.8 % | 321.5 % | 382.4 % | 678.3 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.5 | 0.8 | 0.9 | 0.9 | 1.0 |
Current ratio | 0.5 | 0.8 | 0.9 | 0.9 | 1.0 |
Cash and cash equivalents | 1.54 | 98.97 | 170.06 | 14.26 | 45.61 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | A | A | BBB |
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