HERNING VAND A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About HERNING VAND A/S
HERNING VAND A/S (CVR number: 35385967) is a company from HERNING. The company reported a net sales of 216.9 mDKK in 2024, demonstrating a growth of 4.9 % compared to the previous year. The operating profit percentage was at 27.5 % (EBIT: 59.6 mDKK), while net earnings were 95.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 2.1 %, which can be considered weak and Return on Equity (ROE) was 3.6 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 93.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. HERNING VAND A/S's liquidity measured by quick ratio was 3.5 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 | 168.67 | 187.01 | 194.06 | 206.81 | 216.86 |
Gross profit | 29.98 | 30.26 | 33.52 | 162.69 | 165.56 |
EBIT | 29.98 | 30.26 | 31.93 | 53.85 | 59.64 |
Net earnings | 26.63 | 26.27 | 28.95 | 49.77 | 95.86 |
Shareholders equity total | 2 581.24 | 2 628.24 | 2 721.94 | ||
Balance sheet total (assets) | 2 684.62 | 2 746.28 | 2 763.69 | 2 823.77 | 2 908.81 |
Net debt | 132.18 | 130.40 | 133.29 | ||
Profitability | |||||
EBIT-% | 17.8 % | 16.2 % | 16.5 % | 26.0 % | 27.5 % |
ROA | 1.1 % | 1.1 % | 1.2 % | 2.0 % | 2.1 % |
ROE | 2.2 % | 1.9 % | 3.6 % | ||
ROI | 1.1 % | 1.1 % | 1.2 % | 2.0 % | 2.2 % |
Economic value added (EVA) | 29.98 | 30.26 | 31.93 | -84.32 | -98.59 |
Solvency | |||||
Equity ratio | 93.4 % | 93.1 % | 93.6 % | ||
Gearing | 6.5 % | 6.7 % | 6.2 % | ||
Relative net indebtedness % | 75.3 % | 72.3 % | 69.7 % | ||
Liquidity | |||||
Quick ratio | 2.4 | 2.4 | 3.5 | ||
Current ratio | 2.4 | 2.5 | 3.5 | ||
Cash and cash equivalents | 36.30 | 46.02 | 35.66 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | 19.8 | 9.0 | 22.7 | ||
Net working capital % | 9.5 % | 11.7 % | 24.4 % | ||
Credit risk | |||||
Credit rating | BBB | BBB | AAA | AAA | AAA |
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