VORDINGBORG VAND A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VORDINGBORG VAND A/S
VORDINGBORG VAND A/S (CVR number: 30238303) is a company from VORDINGBORG. The company reported a net sales of 21.1 mDKK in 2023, demonstrating a growth of 12.7 % compared to the previous year. The operating profit percentage was at 26.9 % (EBIT: 5.7 mDKK), while net earnings were 5376.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.4 %, which can be considered decent and Return on Equity (ROE) was 6.6 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 64.2 %, 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. VORDINGBORG VAND A/S's liquidity measured by quick ratio was 38.4 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 14 683.85 | 20 075.89 | 18 525.01 | 18 691.84 | 21 070.44 |
Gross profit | 7 858.61 | 11 675.17 | 9 970.94 | 9 807.24 | 11 277.53 |
EBIT | 4 487.26 | 7 532.58 | 3 804.49 | 4 512.64 | 5 675.24 |
Net earnings | 4 122.90 | 7 016.29 | 2 968.49 | 3 790.42 | 5 376.51 |
Shareholders equity total | 64 448.11 | 71 464.40 | 74 432.89 | 78 223.31 | 83 599.82 |
Balance sheet total (assets) | 102 246.91 | 126 579.34 | 129 984.38 | 126 210.58 | 130 255.37 |
Net debt | 29 366.56 | 38 439.87 | 33 275.58 | 32 936.42 | 26 751.49 |
Profitability | |||||
EBIT-% | 30.6 % | 37.5 % | 20.5 % | 24.1 % | 26.9 % |
ROA | 5.1 % | 6.6 % | 3.0 % | 3.5 % | 4.4 % |
ROE | 6.6 % | 10.3 % | 4.1 % | 5.0 % | 6.6 % |
ROI | 5.3 % | 7.0 % | 3.1 % | 3.6 % | 4.3 % |
Economic value added (EVA) | 1 455.92 | 4 341.38 | -1 186.20 | - 450.51 | 451.80 |
Solvency | |||||
Equity ratio | 82.6 % | 56.5 % | 57.3 % | 62.0 % | 64.2 % |
Gearing | 47.0 % | 68.8 % | 62.6 % | 56.8 % | 50.4 % |
Relative net indebtedness % | 251.0 % | 221.1 % | 227.9 % | 164.1 % | 116.2 % |
Liquidity | |||||
Quick ratio | 1.0 | 2.3 | 1.9 | 26.7 | 38.4 |
Current ratio | 1.1 | 2.4 | 2.0 | 28.2 | 39.6 |
Cash and cash equivalents | 941.62 | 10 717.84 | 13 339.79 | 11 497.94 | 15 385.21 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 178.1 | 182.8 | 179.2 | 151.1 | 144.5 |
Net working capital % | 7.2 % | 66.8 % | 66.5 % | 108.6 % | 129.4 % |
Credit risk | |||||
Credit rating | AA | AAA | AAA | AA | AA |
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