HERNING VAND HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About HERNING VAND HOLDING A/S
HERNING VAND HOLDING A/S (CVR number: 25810619K) is a company from HERNING. The company reported a net sales of 223.4 mDKK in 2024, demonstrating a growth of 4.5 % compared to the previous year. The operating profit percentage was at 27.3 % (EBIT: 61 mDKK), while net earnings were 97.6 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 3.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 92.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. HERNING VAND HOLDING 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 172.53 | 192.13 | 193.05 | 213.71 | 223.35 |
Gross profit | 29.49 | 45.31 | 29.54 | 53.58 | 65.03 |
EBIT | 29.49 | 45.31 | 26.46 | 50.64 | 61.01 |
Net earnings | 25.30 | 40.63 | 23.89 | 46.70 | 97.58 |
Shareholders equity total | 2 685.09 | 2 726.76 | 2 766.18 | 2 810.12 | 2 905.53 |
Balance sheet total (assets) | 2 877.01 | 2 955.23 | 2 966.18 | 3 044.70 | 3 131.94 |
Net debt | 131.23 | -37.89 | -19.54 | ||
Profitability | |||||
EBIT-% | 17.1 % | 23.6 % | 13.7 % | 23.7 % | 27.3 % |
ROA | 1.0 % | 1.6 % | 1.0 % | 1.8 % | 2.1 % |
ROE | 0.9 % | 1.5 % | 0.9 % | 1.7 % | 3.4 % |
ROI | 1.0 % | 1.6 % | 1.0 % | 1.9 % | 2.3 % |
Economic value added (EVA) | - 104.20 | -89.62 | - 110.56 | -97.03 | -98.97 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 93.3 % | 92.3 % | 92.8 % |
Gearing | 6.2 % | 0.8 % | 0.9 % | ||
Relative net indebtedness % | 82.3 % | -1.7 % | 4.0 % | ||
Liquidity | |||||
Quick ratio | 1.9 | 1.8 | 2.3 | ||
Current ratio | 2.0 | 1.8 | 2.3 | ||
Cash and cash equivalents | 41.19 | 59.29 | 46.07 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | 21.2 | 9.6 | 22.7 | ||
Net working capital % | 8.9 % | 10.5 % | 22.5 % | ||
Credit risk | |||||
Credit rating | BBB | BBB | AAA | AAA | AAA |
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