VESTFORSYNING VARME A/S — Credit Rating and Financial Key Figures

CVR number: 26704065
Nupark 51, Måbjerg 7500 Holstebro

Credit rating

Company information

Official name
VESTFORSYNING VARME A/S
Established
2002
Domicile
Måbjerg
Company form
Limited company
Industry
  • Expand more icon35Electricity, gas, steam and air conditioning supply

About VESTFORSYNING VARME A/S

VESTFORSYNING VARME A/S (CVR number: 26704065) is a company from HOLSTEBRO. The company reported a net sales of 151.4 mDKK in 2023, demonstrating a growth of 2.5 % compared to the previous year. The operating profit percentage was at 9 % (EBIT: 13.6 mDKK), while net earnings were 124.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 30.9 %, which can be considered excellent and Return on Equity (ROE) was 50.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 65.6 %, 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. VESTFORSYNING VARME A/S's liquidity measured by quick ratio was 1.1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
20192020202120222023
Volume
Net sales155.09150.91178.32147.62151.36
Gross profit6.505.967.506.4119.56
EBIT-5.65-5.082.830.6213.59
Net earnings-38.72-9.569.1610.69124.87
Shareholders equity total175.28165.71174.87185.56310.43
Balance sheet total (assets)341.26328.71329.45353.22473.42
Net debt11.2370.39
Profitability
EBIT-%-3.6 %-3.4 %1.6 %0.4 %9.0 %
ROA-1.7 %-1.5 %0.9 %3.7 %30.9 %
ROE-19.9 %-5.6 %5.4 %5.9 %50.4 %
ROI-1.7 %-1.5 %0.9 %4.2 %38.1 %
Economic value added (EVA)-10.75-13.89-5.49-7.938.30
Solvency
Equity ratio100.0 %100.0 %100.0 %52.5 %65.6 %
Gearing41.7 %30.5 %
Relative net indebtedness %68.8 %91.7 %
Liquidity
Quick ratio1.41.1
Current ratio1.41.1
Cash and cash equivalents66.0824.14
Capital use efficiency
Trade debtors turnover (days)0.86.9
Net working capital %15.2 %4.0 %
Credit risk
Credit ratingBBBBBBBBBAAAAA

Variable visualization

ROA:30.9%
Rating: 84/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:65.6%
Rating: 50/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member
Board member
Board member
Board member

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