FJERNVARME FYN DISTRIBUTION A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FJERNVARME FYN DISTRIBUTION A/S
FJERNVARME FYN DISTRIBUTION A/S (CVR number: 30174968) is a company from ODENSE. The company reported a net sales of 1128.1 mDKK in 2024, demonstrating a growth of 19.8 % compared to the previous year. The operating profit percentage was poor at -4 % (EBIT: -44.7 mDKK), while net earnings were -51.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was -1.3 %, which can be considered poor and Return on Equity (ROE) was -3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 63.3 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. FJERNVARME FYN DISTRIBUTION A/S's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 828.44 | 931.64 | 939.81 | 941.76 | 1 128.06 |
Gross profit | 265.28 | 300.64 | 326.12 | 272.94 | 310.32 |
EBIT | -55.71 | 44.83 | 36.39 | -48.15 | -44.69 |
Net earnings | -46.23 | 133.06 | 42.79 | -44.41 | -51.25 |
Shareholders equity total | 1 582.45 | 1 715.50 | 1 758.29 | 1 713.88 | 1 662.63 |
Balance sheet total (assets) | 2 468.03 | 2 699.43 | 2 680.70 | 2 461.60 | 2 644.67 |
Net debt | 236.43 | 284.24 | 177.55 | 471.60 | 718.10 |
Profitability | |||||
EBIT-% | -6.7 % | 4.8 % | 3.9 % | -5.1 % | -4.0 % |
ROA | -2.2 % | 1.8 % | 1.4 % | -1.4 % | -1.3 % |
ROE | -2.9 % | 8.1 % | 2.5 % | -2.6 % | -3.0 % |
ROI | -2.3 % | 1.9 % | 1.5 % | -1.4 % | -1.3 % |
Economic value added (EVA) | - 159.01 | -86.15 | - 100.57 | - 174.66 | - 164.52 |
Solvency | |||||
Equity ratio | 64.1 % | 63.8 % | 65.7 % | 69.6 % | 63.3 % |
Gearing | 33.8 % | 40.6 % | 36.5 % | 35.5 % | 51.3 % |
Relative net indebtedness % | 43.1 % | 50.2 % | 36.2 % | 57.5 % | 72.2 % |
Liquidity | |||||
Quick ratio | 2.0 | 2.1 | 2.3 | 1.5 | 1.2 |
Current ratio | 2.0 | 2.0 | 2.2 | 1.5 | 1.1 |
Cash and cash equivalents | 298.47 | 412.03 | 464.45 | 136.00 | 135.37 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 3.1 | 27.1 | 6.5 | 9.1 | 16.1 |
Net working capital % | 12.8 % | 27.0 % | 28.6 % | -1.7 % | -9.2 % |
Credit risk | |||||
Credit rating | A | AAA | AAA | A | A |
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