FJERNVARME FYN HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 286.29 | 1 736.10 | 2 422.71 | 1 776.46 | 1 899.82 |
Gross profit | 393.50 | 622.07 | 555.64 | 378.07 | 358.41 |
EBIT | 30.21 | 297.16 | 245.13 | 4.36 | -26.47 |
Net earnings | 13.00 | 296.44 | 154.53 | -17.18 | -60.63 |
Shareholders equity total | 2 154.37 | 2 450.37 | 2 604.90 | 2 587.72 | 2 527.09 |
Balance sheet total (assets) | 4 600.23 | 5 226.28 | 5 877.75 | 5 749.61 | 6 033.70 |
Net debt | - 709.75 | 468.77 | 681.34 | 1 322.33 | 1 446.54 |
Profitability | |||||
EBIT-% | 2.3 % | 17.1 % | 10.1 % | 0.2 % | -1.4 % |
ROA | 0.7 % | 6.1 % | 4.5 % | 0.6 % | 0.2 % |
ROE | 0.6 % | 12.9 % | 6.1 % | -0.7 % | -2.4 % |
ROI | 0.7 % | 6.5 % | 5.1 % | 0.7 % | 0.2 % |
Economic value added (EVA) | -77.27 | 216.83 | -41.34 | - 253.08 | - 287.06 |
Solvency | |||||
Equity ratio | 100.0 % | 47.0 % | 44.4 % | 45.0 % | 42.0 % |
Gearing | 66.6 % | 73.1 % | 83.0 % | 95.7 % | |
Relative net indebtedness % | -55.2 % | 63.4 % | 59.1 % | 95.9 % | 97.7 % |
Liquidity | |||||
Quick ratio | 2.0 | 1.6 | 2.0 | 2.2 | |
Current ratio | 2.1 | 2.1 | 2.5 | 2.2 | |
Cash and cash equivalents | 709.75 | 1 162.05 | 1 222.57 | 825.41 | 971.34 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 28.4 | 10.4 | 19.5 | 23.9 | |
Net working capital % | 55.2 % | 37.7 % | 31.0 % | 34.3 % | 26.6 % |
Credit risk | |||||
Credit rating | BBB | AAA | AAA | AA | A |
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