Westring Holding ApS — Credit Rating and Financial Key Figures

CVR number: 37689777
Skodsborg Strandvej 73, 2942 Skodsborg
frederikwestring@yahoo.dk
tel: 24210291

Credit rating

Company information

Official name
Westring Holding ApS
Established
2016
Company form
Private limited company
Industry
  • Expand more icon64Financial service activities, except insurance and pension funding

About Westring Holding ApS

Westring Holding ApS (CVR number: 37689777) is a company from RUDERSDAL. The company recorded a gross profit of -24 kDKK in 2023. The operating profit was -24 kDKK, while net earnings were 1197.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 64.5 %, which can be considered excellent and Return on Equity (ROE) was 80.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 59.3 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Westring Holding ApS's liquidity measured by quick ratio was 0.9 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
20192020202120222023
Volume
Net sales
Gross profit-26.70-26.78-10.78-9.31-24.00
EBIT-26.70-26.78-10.78-9.31-24.00
Net earnings-51.66-91.63-46.63-8.611 197.56
Shareholders equity total7.72-83.91- 130.54- 139.151 058.41
Balance sheet total (assets)2 739.462 951.551 709.451 907.131 784.21
Net debt2 675.032 734.351 244.311 543.25341.86
Profitability
EBIT-%
ROA0.5 %1.8 %1.7 %-0.5 %64.5 %
ROE-154.0 %-6.2 %-2.0 %-0.5 %80.8 %
ROI0.5 %1.8 %2.0 %-0.6 %80.6 %
Economic value added (EVA)23.7434.6452.4557.9540.49
Solvency
Equity ratio0.3 %-2.8 %-7.1 %-6.8 %59.3 %
Gearing35295.1 %-3380.3 %-1062.2 %-1140.2 %40.0 %
Relative net indebtedness %
Liquidity
Quick ratio0.60.60.40.20.9
Current ratio0.60.60.40.20.9
Cash and cash equivalents50.46102.18142.2843.3481.81
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:64.5%
Rating: 100/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:59.3%
Rating: 46/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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