HORSENS VAND A/S — Credit Rating and Financial Key Figures
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 222.9 mDKK in 2024, demonstrating a decline of -5.2 % compared to the previous year. The operating profit percentage was at 7.1 % (EBIT: 15.9 mDKK), while net earnings were 21.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 0.7 %, which can be considered weak and Return on Equity (ROE) was 0.7 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 93.9 %, 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 2.5 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 | 217.57 | 273.57 | 219.84 | 235.18 | 222.95 |
Gross profit | 57.42 | 98.19 | 51.11 | 50.78 | 40.17 |
EBIT | 35.86 | 80.14 | 26.47 | 27.50 | 15.94 |
Net earnings | 34.93 | 84.40 | 20.57 | 32.54 | 21.50 |
Shareholders equity total | 3 068.72 | 3 153.11 | 3 173.68 | 3 206.22 | 3 228.61 |
Balance sheet total (assets) | 3 104.86 | 3 332.21 | 3 355.16 | 3 434.58 | 3 436.56 |
Net debt | -84.78 | -81.59 | |||
Profitability | |||||
EBIT-% | 16.5 % | 29.3 % | 12.0 % | 11.7 % | 7.1 % |
ROA | 1.4 % | 2.5 % | 0.8 % | 1.0 % | 0.7 % |
ROE | 1.4 % | 2.7 % | 0.7 % | 1.0 % | 0.7 % |
ROI | 1.4 % | 2.5 % | 0.8 % | 1.0 % | 0.8 % |
Economic value added (EVA) | -53.01 | -74.06 | - 131.97 | - 131.98 | - 150.88 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 93.4 % | 93.9 % |
Gearing | 3.5 % | 3.4 % | |||
Relative net indebtedness % | 12.7 % | 6.8 % | |||
Liquidity | |||||
Quick ratio | 3.0 | 2.5 | |||
Current ratio | 3.0 | 2.5 | |||
Cash and cash equivalents | 198.37 | 192.88 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 35.1 | 39.7 | |||
Net working capital % | 44.1 % | 42.7 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AAA | AAA |
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