HERNING VAND A/S — Credit Rating and Financial Key Figures

CVR number: 35385967
Ålykkevej 5, 7400 Herning

Credit rating

Company information

Official name
HERNING VAND A/S
Established
2013
Company form
Limited company
Industry

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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales168.67187.01194.06206.81216.86
Gross profit29.9830.2633.52162.69165.56
EBIT29.9830.2631.9353.8559.64
Net earnings26.6326.2728.9549.7795.86
Shareholders equity total2 581.242 628.242 721.94
Balance sheet total (assets)2 684.622 746.282 763.692 823.772 908.81
Net debt132.18130.40133.29
Profitability
EBIT-%17.8 %16.2 %16.5 %26.0 %27.5 %
ROA1.1 %1.1 %1.2 %2.0 %2.1 %
ROE2.2 %1.9 %3.6 %
ROI1.1 %1.1 %1.2 %2.0 %2.2 %
Economic value added (EVA)29.9830.2631.93-84.32-98.59
Solvency
Equity ratio93.4 %93.1 %93.6 %
Gearing6.5 %6.7 %6.2 %
Relative net indebtedness %75.3 %72.3 %69.7 %
Liquidity
Quick ratio2.42.43.5
Current ratio2.42.53.5
Cash and cash equivalents36.3046.0235.66
Capital use efficiency
Trade debtors turnover (days)19.89.022.7
Net working capital %9.5 %11.7 %24.4 %
Credit risk
Credit ratingBBBBBBAAAAAAAAA

Variable visualization

ROA:2.14%
Rating: 31/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:93.6%
Rating: 74/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member

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