VESTAS OFFSHORE WIND A/S
Credit rating
Company information
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 financialsNet sales (mEUR)
EBIT (mEUR)
Profitability
Solidity
Key figures (mEUR)
See financials2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 745.34 | 1 350.80 | 1 255.70 | 664.48 | 1 445.69 |
Gross profit | -4.47 | 90.29 | 195.71 | -83.77 | 322.44 |
EBIT | - 104.82 | 8.84 | 102.14 | - 130.75 | 1 671.76 |
Net earnings | -98.29 | 52.99 | 2.52 | -68.44 | 1 304.73 |
Shareholders equity total | 195.75 | 168.92 | 204.00 | 174.66 | 1 493.66 |
Balance sheet total (assets) | 1 304.68 | 1 329.08 | 1 385.88 | 2 068.45 | 2 193.37 |
Net debt | -14.86 | -2.46 | 93.13 | 307.53 | 24.20 |
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) | - 109.12 | 8.70 | 96.74 | -92.82 | 1 302.31 |
Solvency | |||||
Equity ratio | 33.3 % | 22.1 % | 20.6 % | 7.5 % | 68.1 % |
Gearing | 43.8 % | 83.6 % | 80.8 % | 276.7 % | 1.8 % |
Relative net indebtedness % | 135.3 % | 75.3 % | 88.4 % | 258.6 % | 48.2 % |
Liquidity | |||||
Quick ratio | 0.5 | 0.4 | 0.3 | 0.4 | 3.1 |
Current ratio | 0.7 | 0.7 | 0.7 | 0.8 | 3.1 |
Cash and cash equivalents | 100.58 | 143.68 | 71.66 | 175.78 | 2.20 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 0.8 | 1.4 | 1.2 | 0.3 | 0.4 |
Net working capital % | -39.4 % | -26.0 % | -22.1 % | -48.6 % | 101.1 % |
Credit risk | |||||
Credit rating | BB | BBB | BBB | BB | BB |
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