FJERNVARME FYN HOLDING A/S — Credit Rating and Financial Key Figures

CVR number: 36466898
Havnegade 120, 5000 Odense C

Company information

Official name
FJERNVARME FYN HOLDING A/S
Established
2014
Company form
Limited company
Industry

About FJERNVARME FYN HOLDING A/S

FJERNVARME FYN HOLDING A/S (CVR number: 36466898K) is a company from ODENSE. The company reported a net sales of 1899.8 mDKK in 2024, demonstrating a growth of 6.9 % compared to the previous year. The operating profit percentage was poor at -1.4 % (EBIT: -26.5 mDKK), while net earnings were -60.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 0.2 %, which can be considered weak but Return on Equity (ROE) was -2.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 42 %, 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. FJERNVARME FYN HOLDING 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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales1 286.291 736.102 422.711 776.461 899.82
Gross profit393.50622.07555.64378.07358.41
EBIT30.21297.16245.134.36-26.47
Net earnings13.00296.44154.53-17.18-60.63
Shareholders equity total2 154.372 450.372 604.902 587.722 527.09
Balance sheet total (assets)4 600.235 226.285 877.755 749.616 033.70
Net debt- 709.75468.77681.341 322.331 446.54
Profitability
EBIT-%2.3 %17.1 %10.1 %0.2 %-1.4 %
ROA0.7 %6.1 %4.5 %0.6 %0.2 %
ROE0.6 %12.9 %6.1 %-0.7 %-2.4 %
ROI0.7 %6.5 %5.1 %0.7 %0.2 %
Economic value added (EVA)-77.27216.83-41.34- 253.08- 287.06
Solvency
Equity ratio100.0 %47.0 %44.4 %45.0 %42.0 %
Gearing66.6 %73.1 %83.0 %95.7 %
Relative net indebtedness %-55.2 %63.4 %59.1 %95.9 %97.7 %
Liquidity
Quick ratio2.01.62.02.2
Current ratio2.12.12.52.2
Cash and cash equivalents709.751 162.051 222.57825.41971.34
Capital use efficiency
Trade debtors turnover (days)28.410.419.523.9
Net working capital %55.2 %37.7 %31.0 %34.3 %26.6 %
Credit risk
Credit ratingBBBAAAAAAAAA

Variable visualization

ROA:0.18%
Rating: 21/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:42.0%
Rating: 34/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Board member
Chairman of the board
Chief executive officer
Board member
Board member

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