VESTJYSK UDVIKLING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VESTJYSK UDVIKLING A/S
VESTJYSK UDVIKLING A/S (CVR number: 30351053) is a company from RINGKØBING-SKJERN. The company recorded a gross profit of -17.8 kDKK in 2023. The operating profit was -17.8 kDKK, while net earnings were -18.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -12 %, which can be considered poor and Return on Equity (ROE) was -15.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -44.7 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. VESTJYSK UDVIKLING A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 599.28 | -35.53 | 1 706.56 | - 113.08 | -17.82 |
EBIT | 599.28 | -35.53 | 1 706.56 | - 113.08 | -17.82 |
Net earnings | 350.67 | - 197.89 | 2 478.51 | -1.79 | -18.83 |
Shareholders equity total | -2 293.11 | -2 491.01 | -12.50 | -14.29 | -33.12 |
Balance sheet total (assets) | 8 129.67 | 7 206.27 | 1 159.47 | 208.67 | 40.91 |
Net debt | 8 667.34 | 8 608.93 | -1 153.25 | 1.79 | 20.62 |
Profitability | |||||
EBIT-% | |||||
ROA | 6.1 % | -0.3 % | 60.8 % | 0.7 % | -12.0 % |
ROE | 4.6 % | -2.6 % | 59.3 % | -0.3 % | -15.1 % |
ROI | 6.2 % | -0.3 % | 69.6 % | 4.3 % | -13.1 % |
Economic value added (EVA) | 600.30 | 152.76 | 1 191.04 | -54.25 | -6.62 |
Solvency | |||||
Equity ratio | 5.6 % | 3.6 % | -1.1 % | -6.4 % | -44.7 % |
Gearing | -441.4 % | -380.7 % | -40.0 % | -1473.0 % | -185.8 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.3 | 2.0 | 1.0 | 0.9 | 0.6 |
Current ratio | 1.1 | 9.3 | 1.0 | 0.9 | 0.6 |
Cash and cash equivalents | 1 454.00 | 874.00 | 1 158.25 | 208.67 | 40.91 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BB | BB | BB | BBB |
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