KAASING ENERGY A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About KAASING ENERGY A/S
KAASING ENERGY A/S (CVR number: 34583137) is a company from FREDERIKSHAVN. The company recorded a gross profit of -0.9 kDKK in 2024. The operating profit was -0.9 kDKK, while net earnings were 16.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.5 %, which can be considered weak and Return on Equity (ROE) was 2.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 98 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. KAASING ENERGY A/S's liquidity measured by quick ratio was 50.9 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -0.11 | -0.37 | -12.66 | -12.49 | -0.88 |
EBIT | -0.11 | -0.37 | -12.66 | -12.49 | -0.88 |
Net earnings | 11.73 | 11.63 | 2.33 | 6.62 | 16.40 |
Shareholders equity total | 561.20 | 572.83 | 575.15 | 581.77 | 598.17 |
Balance sheet total (assets) | 571.70 | 585.91 | 585.97 | 591.77 | 610.17 |
Net debt | -7.40 | -9.87 | -3.05 | -5.83 | -21.50 |
Profitability | |||||
EBIT-% | |||||
ROA | 2.7 % | 2.6 % | 0.5 % | 1.4 % | 3.5 % |
ROE | 2.1 % | 2.1 % | 0.4 % | 1.1 % | 2.8 % |
ROI | 2.7 % | 2.6 % | 0.5 % | 1.5 % | 3.6 % |
Economic value added (EVA) | -27.72 | -28.49 | -41.44 | -38.64 | -29.91 |
Solvency | |||||
Equity ratio | 98.2 % | 97.8 % | 98.2 % | 98.3 % | 98.0 % |
Gearing | |||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 54.4 | 44.8 | 54.2 | 59.2 | 50.9 |
Current ratio | 54.4 | 44.8 | 54.2 | 59.2 | 50.9 |
Cash and cash equivalents | 7.40 | 9.87 | 3.05 | 5.83 | 21.50 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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