Swire Renewable Energy A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Swire Renewable Energy A/S
Swire Renewable Energy A/S (CVR number: 36445874K) is a company from AARHUS. The company reported a net sales of 490.1 mDKK in 2024, demonstrating a growth of 17.5 % compared to the previous year. The operating profit percentage was poor at -20.8 % (EBIT: -101.7 mDKK), while net earnings were -124.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was -31.5 %, which can be considered poor and Return on Equity (ROE) was -70.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 65 %, 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. Swire Renewable Energy A/S's liquidity measured by quick ratio was 2.6 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 | 298.96 | 223.92 | 344.77 | 417.05 | 490.10 |
Gross profit | 298.96 | 223.92 | 344.77 | 166.16 | 120.02 |
EBIT | -31.18 | -25.11 | - 127.73 | -6.06 | - 101.73 |
Net earnings | -36.14 | -46.93 | - 136.82 | -25.91 | - 124.90 |
Shareholders equity total | 31.05 | -15.83 | -82.91 | 144.94 | 210.89 |
Balance sheet total (assets) | 180.42 | 178.08 | 138.04 | 286.50 | 324.27 |
Net debt | 35.11 | -36.27 | |||
Profitability | |||||
EBIT-% | -1.5 % | -20.8 % | |||
ROA | -2.0 % | -31.5 % | |||
ROE | -83.6 % | -70.4 % | |||
ROI | -2.2 % | -39.8 % | |||
Economic value added (EVA) | -31.18 | -26.67 | - 126.93 | -0.14 | - 117.35 |
Solvency | |||||
Equity ratio | 50.6 % | 65.0 % | |||
Gearing | 53.6 % | 6.0 % | |||
Relative net indebtedness % | 23.3 % | 7.5 % | |||
Liquidity | |||||
Quick ratio | 1.5 | 2.6 | |||
Current ratio | 1.5 | 2.8 | |||
Cash and cash equivalents | 42.58 | 49.00 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 112.2 | 95.6 | |||
Net working capital % | 15.5 % | 25.9 % | |||
Credit risk | |||||
Credit rating | A | BBB |
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