VESTAS AIRCOIL A/S
Credit rating
Company information
About VESTAS AIRCOIL A/S
VESTAS AIRCOIL A/S (CVR number: 18388545) is a company from RINGKØBING-SKJERN. The company recorded a gross profit of 21.5 mDKK in 2023. The operating profit was -4058.6 kDKK, while net earnings were 41.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 24.7 %, which can be considered excellent and Return on Equity (ROE) was 33.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 66 %, 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. VESTAS AIRCOIL A/S's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 59 328.36 | 34 542.13 | 11 087.56 | 26 384.29 | 21 460.56 |
EBIT | 2 387.13 | -8 393.24 | -7 310.62 | 5 419.78 | -4 058.65 |
Net earnings | 10 209.84 | -2 940.93 | 31 293.31 | 50 205.31 | 41 885.80 |
Shareholders equity total | 80 365.33 | 61 257.73 | 88 294.06 | 116 276.96 | 132 594.67 |
Balance sheet total (assets) | 188 719.96 | 158 728.55 | 176 905.22 | 190 409.62 | 200 812.08 |
Net debt | 70 803.02 | 71 008.98 | 72 543.10 | 59 905.90 | 56 399.36 |
Profitability | |||||
EBIT-% | |||||
ROA | 9.0 % | 0.2 % | 15.2 % | 31.1 % | 24.7 % |
ROE | 11.3 % | -4.2 % | 41.8 % | 49.1 % | 33.7 % |
ROI | 10.2 % | 0.3 % | 16.5 % | 32.5 % | 25.5 % |
Economic value added (EVA) | 2 412.47 | -9 604.27 | -5 356.52 | 5 974.30 | -1 967.29 |
Solvency | |||||
Equity ratio | 42.9 % | 38.8 % | 50.3 % | 61.1 % | 66.0 % |
Gearing | 102.3 % | 128.3 % | 87.8 % | 54.2 % | 43.6 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.1 | 1.0 | 0.9 | 0.9 | 1.0 |
Current ratio | 1.2 | 1.0 | 0.9 | 0.9 | 1.0 |
Cash and cash equivalents | 11 411.84 | 7 588.35 | 5 017.94 | 3 140.83 | 1 377.70 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | AA | A | A | AA | AA |
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