WAVEPISTON A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About WAVEPISTON A/S
WAVEPISTON A/S (CVR number: 35680829) is a company from HELSINGØR. The company recorded a gross profit of -6579.9 kDKK in 2023. The operating profit was -12.6 mDKK, while net earnings were -11.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was -134.1 %, which can be considered poor and Return on Equity (ROE) was -145.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 64.5 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. WAVEPISTON A/S's liquidity measured by quick ratio was 2.3 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 2 246.30 | 1 298.58 | 2 910.46 | -3 612.66 | -6 579.87 | 
| EBIT | -2 112.43 | -2 982.68 | -3 064.48 | -9 616.91 | -12 608.30 | 
| Net earnings | -1 669.04 | -1 465.59 | -5 056.55 | -8 759.19 | -11 182.59 | 
| Shareholders equity total | 904.25 | 12 628.55 | 12 430.29 | 8 154.39 | 7 191.89 | 
| Balance sheet total (assets) | 13 273.58 | 24 526.98 | 14 964.26 | 9 139.62 | 11 157.65 | 
| Net debt | -7 192.45 | -11 922.23 | -9 209.36 | -1 211.50 | 1 898.53 | 
| Profitability | |||||
| EBIT-% | |||||
| ROA | -13.2 % | -15.8 % | -21.0 % | -87.8 % | -134.1 % | 
| ROE | -48.3 % | -21.7 % | -40.4 % | -85.1 % | -145.7 % | 
| ROI | -53.4 % | -43.5 % | -33.1 % | -102.8 % | -157.3 % | 
| Economic value added (EVA) | -1 083.23 | -1 494.91 | -2 879.92 | -6 748.76 | -9 078.21 | 
| Solvency | |||||
| Equity ratio | 6.8 % | 51.5 % | 83.1 % | 89.2 % | 64.5 % | 
| Gearing | 27.3 % | ||||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 16.4 | 2.0 | 4.7 | 4.8 | 2.3 | 
| Current ratio | 16.4 | 2.0 | 4.7 | 4.8 | 2.3 | 
| Cash and cash equivalents | 7 192.45 | 11 922.23 | 9 209.36 | 1 211.50 | 62.05 | 
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BBB | BBB | BBB | BB | 
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