VESTFORSYNING A/S
Credit rating
Company information
About VESTFORSYNING A/S
VESTFORSYNING A/S (CVR number: 25952200K) is a company from HOLSTEBRO. The company reported a net sales of 821.2 mDKK in 2023, demonstrating a growth of 1.1 % compared to the previous year. The operating profit percentage was at 30.5 % (EBIT: 250.3 mDKK), while net earnings were 247.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6.2 %, which can be considered decent and Return on Equity (ROE) was 7.1 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 78 %, 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. VESTFORSYNING A/S's liquidity measured by quick ratio was 3.2 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 586.11 | 586.11 | 698.42 | 811.91 | 821.19 |
Gross profit | 34.84 | 95.86 | 78.18 | 94.05 | 142.06 |
EBIT | -12.06 | 57.10 | 44.50 | 70.48 | 250.26 |
Net earnings | -16.00 | 28.36 | 67.82 | 73.78 | 247.19 |
Shareholders equity total | 3 269.01 | 3 300.66 | 3 370.33 | 3 451.90 | 3 684.12 |
Balance sheet total (assets) | 4 627.55 | 4 591.59 | 4 577.14 | 4 656.64 | 4 727.29 |
Net debt | - 134.71 | - 568.75 | |||
Profitability | |||||
EBIT-% | -2.1 % | 9.7 % | 6.4 % | 8.7 % | 30.5 % |
ROA | -0.3 % | 1.2 % | 1.0 % | 1.8 % | 6.2 % |
ROE | -0.5 % | 0.9 % | 2.0 % | 2.2 % | 7.1 % |
ROI | -0.3 % | 1.2 % | 1.0 % | 1.9 % | 7.1 % |
Economic value added (EVA) | - 146.13 | - 107.17 | - 121.35 | - 119.32 | 123.08 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 74.5 % | 78.0 % |
Gearing | 17.5 % | 10.7 % | |||
Relative net indebtedness % | 54.4 % | 6.3 % | |||
Liquidity | |||||
Quick ratio | 2.7 | 3.2 | |||
Current ratio | 2.6 | 3.3 | |||
Cash and cash equivalents | 739.58 | 962.67 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 30.7 | 24.5 | |||
Net working capital % | 35.2 % | 58.4 % | |||
Credit risk | |||||
Credit rating | BB | BBB | BBB | AA | AA |
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