Ørsted Horns Rev 2 A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Ørsted Horns Rev 2 A/S
Ørsted Horns Rev 2 A/S (CVR number: 31849322) is a company from FREDERICIA. The company reported a net sales of 376.4 mDKK in 2024, demonstrating a decline of -25.6 % compared to the previous year. The operating profit percentage was at 27.6 % (EBIT: 103.7 mDKK), while net earnings were 89.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9.2 %, which can be considered good and Return on Equity (ROE) was 14.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 26.9 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Ørsted Horns Rev 2 A/S's liquidity measured by quick ratio was 13.5 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 404.57 | 481.27 | 1 207.62 | 505.78 | 376.37 |
Gross profit | 258.44 | 317.53 | 1 033.90 | 349.35 | 191.48 |
EBIT | 65.71 | 194.10 | 828.40 | 247.20 | 103.71 |
Net earnings | 37.91 | 137.78 | 625.84 | 189.59 | 89.34 |
Shareholders equity total | 357.46 | 495.25 | 871.09 | 560.67 | 650.01 |
Balance sheet total (assets) | 897.75 | 1 063.53 | 2 066.24 | 1 570.20 | 1 584.73 |
Net debt | 19.22 | 15.62 | 23.98 | 37.41 | 49.72 |
Profitability | |||||
EBIT-% | 16.2 % | 40.3 % | 68.6 % | 48.9 % | 27.6 % |
ROA | 7.5 % | 19.8 % | 53.2 % | 16.4 % | 9.2 % |
ROE | 11.2 % | 32.3 % | 91.6 % | 26.5 % | 14.8 % |
ROI | 8.0 % | 21.1 % | 59.0 % | 18.0 % | 9.7 % |
Economic value added (EVA) | 11.26 | 108.84 | 596.33 | 100.70 | 6.46 |
Solvency | |||||
Equity ratio | 39.8 % | 46.6 % | 29.0 % | 22.9 % | 26.9 % |
Gearing | 5.4 % | 3.2 % | 2.8 % | 6.7 % | 7.6 % |
Relative net indebtedness % | 17.7 % | 18.2 % | 99.0 % | 199.6 % | 248.4 % |
Liquidity | |||||
Quick ratio | 7.4 | 9.4 | 6.2 | 10.1 | 13.5 |
Current ratio | 7.4 | 9.4 | 6.2 | 10.1 | 13.5 |
Cash and cash equivalents | |||||
Capital use efficiency | |||||
Trade debtors turnover (days) | 3.9 | 4.8 | 3.1 | 19.8 | 13.1 |
Net working capital % | 113.6 % | 152.6 % | 111.4 % | 228.4 % | 340.1 % |
Credit risk | |||||
Credit rating | AAA | AAA | A | AA | A |
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