VESTAS OFFSHORE WIND A/S
Credit rating
Company information
About VESTAS OFFSHORE WIND A/S
VESTAS OFFSHORE WIND A/S (CVR number: 27918042K) is a company from AARHUS. The company reported a net sales of 1299.5 mEUR in 2018, demonstrating a growth of 37.9 % compared to the previous year. The operating profit percentage was at 1.6 % (EBIT: 20.9 mEUR), while net earnings were 53 mEUR. The profitability of the company measured by Return on Assets (ROA) was 1.4 %, which can be considered weak but Return on Equity (ROE) was 29.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 23.3 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. VESTAS OFFSHORE WIND A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mEUR)
EBIT (mEUR)
Profitability
Solidity
Key figures (mEUR)
See financials2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|
Volume | ||||
Net sales | 535.91 | 531.24 | 942.15 | 1 299.55 |
Gross profit | 30.85 | -11.89 | 20.00 | 133.01 |
EBIT | -46.31 | - 119.45 | -98.57 | 20.88 |
Net earnings | -44.22 | - 120.53 | -98.29 | 52.99 |
Shareholders equity total | 436.99 | 313.17 | 195.75 | 168.92 |
Balance sheet total (assets) | 840.65 | 1 369.90 | 1 376.67 | 1 628.38 |
Net debt | -30.34 | 10.60 | -64.41 | - 154.47 |
Profitability | ||||
EBIT-% | -8.6 % | -22.5 % | -10.5 % | 1.6 % |
ROA | -5.1 % | -10.7 % | -7.0 % | 1.4 % |
ROE | -10.1 % | -32.1 % | -38.6 % | 29.1 % |
ROI | -9.0 % | -25.7 % | -26.7 % | 8.3 % |
Economic value added (EVA) | -46.58 | - 139.29 | - 110.02 | 10.75 |
Solvency | ||||
Equity ratio | 74.3 % | 47.0 % | 31.6 % | 23.3 % |
Gearing | 7.6 % | 39.1 % | 25.7 % | 24.5 % |
Relative net indebtedness % | 63.4 % | 175.5 % | 113.2 % | 97.2 % |
Liquidity | ||||
Quick ratio | 0.8 | 0.8 | 0.6 | 0.6 |
Current ratio | 1.0 | 0.9 | 0.8 | 0.8 |
Cash and cash equivalents | 63.65 | 111.71 | 114.62 | 195.82 |
Capital use efficiency | ||||
Trade debtors turnover (days) | 11.6 | 76.7 | 33.4 | 22.5 |
Net working capital % | -1.7 % | -26.8 % | -26.4 % | -23.5 % |
Credit risk | ||||
Credit rating | BBB | B | B | BBB |
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