VESTAS OFFSHORE WIND A/S

CVR number: 27918042
Hedeager 42, 8200 Aarhus N

Credit rating

Company information

Official name
VESTAS OFFSHORE WIND A/S
Established
2004
Company form
Limited company
Industry
  • Expand more icon64Financial service activities, except insurance and pension funding

About VESTAS OFFSHORE WIND A/S

VESTAS OFFSHORE WIND A/S (CVR number: 27918042) is a company from AARHUS. The company reported a net sales of 1445.7 mEUR in 2021, demonstrating a growth of 117.6 % compared to the previous year. The operating profit percentage was at 115.6 % (EBIT: 1671.8 mEUR), while net earnings were 1304.7 mEUR. The profitability of the company measured by Return on Assets (ROA) was 80.3 %, which can be considered excellent and Return on Equity (ROE) was 156.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 68.1 %, 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 OFFSHORE WIND A/S's liquidity measured by quick ratio was 3.1 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 financials

Net sales (mEUR)

EBIT (mEUR)

Profitability

Solidity

Key figures (mEUR)

See financials
20172018201920202021
Volume
Net sales745.341 350.801 255.70664.481 445.69
Gross profit-4.4790.29195.71-83.77322.44
EBIT- 104.828.84102.14- 130.751 671.76
Net earnings-98.2952.992.52-68.441 304.73
Shareholders equity total195.75168.92204.00174.661 493.66
Balance sheet total (assets)1 304.681 329.081 385.882 068.452 193.37
Net debt-14.86-2.4693.13307.5324.20
Profitability
EBIT-%-14.1 %0.7 %8.1 %-19.7 %115.6 %
ROA-7.5 %1.7 %2.7 %-7.1 %80.3 %
ROE-38.6 %29.1 %1.4 %-36.1 %156.4 %
ROI-24.3 %6.7 %8.4 %-18.5 %147.2 %
Economic value added (EVA)- 109.128.7096.74-92.821 302.31
Solvency
Equity ratio33.3 %22.1 %20.6 %7.5 %68.1 %
Gearing43.8 %83.6 %80.8 %276.7 %1.8 %
Relative net indebtedness %135.3 %75.3 %88.4 %258.6 %48.2 %
Liquidity
Quick ratio0.50.40.30.43.1
Current ratio0.70.70.70.83.1
Cash and cash equivalents100.58143.6871.66175.782.20
Capital use efficiency
Trade debtors turnover (days)0.81.41.20.30.4
Net working capital %-39.4 %-26.0 %-22.1 %-48.6 %101.1 %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:80.3%
Rating: 100/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:68.1%
Rating: 52/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Companies in the same industry

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