Ørsted Bioenergy & Thermal Power A/S
Credit rating
Company information
About Ørsted Bioenergy & Thermal Power A/S
Ørsted Bioenergy & Thermal Power A/S (CVR number: 27446469) is a company from FREDERICIA. The company reported a net sales of 12012.4 mDKK in 2023, demonstrating a decline of -38.9 % compared to the previous year. The operating profit percentage was at 2.6 % (EBIT: 318.3 mDKK), while net earnings were 135.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 2.3 %, which can be considered weak and Return on Equity (ROE) was 1.6 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 44.6 %, 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 Bioenergy & Thermal Power A/S's liquidity measured by quick ratio was 2.2 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 6 259.66 | 5 354.39 | 9 906.80 | 19 653.15 | 12 012.38 |
Gross profit | 1 874.49 | 1 287.45 | 3 529.93 | 6 639.78 | 1 508.70 |
EBIT | 737.43 | 107.04 | 2 314.13 | 5 357.81 | 318.28 |
Net earnings | 78.91 | - 145.43 | 1 592.75 | 4 115.56 | 135.90 |
Shareholders equity total | 2 792.19 | 2 636.58 | 2 978.09 | 8 192.21 | 8 636.05 |
Balance sheet total (assets) | 9 830.59 | 9 365.55 | 13 292.18 | 20 127.46 | 17 289.05 |
Net debt | 627.18 | 528.63 | 2 992.42 | 2 740.04 | 957.90 |
Profitability | |||||
EBIT-% | 11.8 % | 2.0 % | 23.4 % | 27.3 % | 2.6 % |
ROA | 4.5 % | 0.3 % | 19.9 % | 32.8 % | 2.3 % |
ROE | 2.3 % | -5.4 % | 56.7 % | 73.7 % | 1.6 % |
ROI | 8.3 % | 0.6 % | 33.7 % | 48.8 % | 3.3 % |
Economic value added (EVA) | 399.92 | -35.15 | 1 679.69 | 4 012.94 | 239.87 |
Solvency | |||||
Equity ratio | 28.4 % | 28.2 % | 22.5 % | 36.6 % | 44.6 % |
Gearing | 23.0 % | 21.7 % | 113.0 % | 35.7 % | 15.4 % |
Relative net indebtedness % | 91.2 % | 99.1 % | 82.6 % | 59.8 % | 68.9 % |
Liquidity | |||||
Quick ratio | 0.6 | 0.7 | 1.1 | 1.6 | 2.2 |
Current ratio | 1.0 | 1.2 | 1.2 | 2.0 | 2.8 |
Cash and cash equivalents | 15.20 | 43.90 | 372.30 | 185.70 | 373.98 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 46.1 | 29.2 | 14.8 | 20.2 | 38.5 |
Net working capital % | 0.6 % | 4.9 % | 10.8 % | 30.8 % | 49.7 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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