WITT HVIDEVARER A/S — Credit Rating and Financial Key Figures

WITT HVIDEVARER A/S (CVR number: 20981075) is a company from HERNING. The company reported a net sales of 627.3 mDKK in 2023, demonstrating a decline of -2.6 % compared to the previous year. The operating profit percentage was at 2.1 % (EBIT: 13.4 mDKK), while net earnings were 10.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 3.2 %, which can be considered weak and Return on Equity (ROE) was 2.9 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 73.2 %, 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. WITT HVIDEVARER A/S's liquidity measured by quick ratio was 1.9 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.