Credit rating
Company information
About HORSENS VAND A/S
HORSENS VAND A/S (CVR number: 32560156) is a company from HORSENS. The company reported a net sales of 235.2 mDKK in 2023, demonstrating a growth of 7 % compared to the previous year. The operating profit percentage was at 11.7 % (EBIT: 27.5 mDKK), while net earnings were 32.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 1 %, which can be considered weak and Return on Equity (ROE) was 1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 93.4 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. HORSENS VAND A/S's liquidity measured by quick ratio was 38.6 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 | 229.99 | 217.57 | 273.57 | 219.84 | 235.18 |
Gross profit | 120.98 | 57.36 | 98.84 | 51.11 | 50.78 |
EBIT | 97.98 | 34.92 | 80.78 | 26.47 | 27.50 |
Net earnings | 196.51 | 34.93 | 84.40 | 20.57 | 32.54 |
Shareholders equity total | 1 768.67 | 3 068.72 | 3 153.11 | 3 173.68 | 3 206.22 |
Balance sheet total (assets) | 1 967.42 | 3 256.97 | 3 332.21 | 3 355.16 | 3 434.58 |
Net debt | -56.62 | -84.78 | |||
Profitability | |||||
EBIT-% | 42.6 % | 16.0 % | 29.5 % | 12.0 % | 11.7 % |
ROA | 5.1 % | 1.3 % | 2.5 % | 0.8 % | 1.0 % |
ROE | 11.8 % | 1.4 % | 2.7 % | 0.7 % | 1.0 % |
ROI | 5.2 % | 1.3 % | 2.5 % | 0.8 % | 1.0 % |
Economic value added (EVA) | 18.66 | -53.96 | -73.43 | - 131.97 | - 127.89 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 94.6 % | 93.4 % |
Gearing | 3.9 % | 3.5 % | |||
Relative net indebtedness % | -36.4 % | -17.9 % | |||
Liquidity | |||||
Quick ratio | 182.7 | 38.6 | |||
Current ratio | 183.3 | 38.6 | |||
Cash and cash equivalents | 181.15 | 198.37 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 38.2 | 35.1 | |||
Net working capital % | 79.9 % | 74.7 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AA | A |
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