Westring Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Westring Holding ApS
Westring Holding ApS (CVR number: 37689777) is a company from RUDERSDAL. The company recorded a gross profit of -19.1 kDKK in 2024. The operating profit was -19.1 kDKK, while net earnings were 2748.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 78.7 %, which can be considered excellent and Return on Equity (ROE) was 113 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 72.1 %, 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. Westring Holding ApS's liquidity measured by quick ratio was 2.4 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -26.78 | -10.78 | -9.31 | -24.00 | -19.14 |
| EBIT | -26.78 | -10.78 | -9.31 | -24.00 | -19.14 |
| Net earnings | -91.63 | -46.63 | -8.61 | 1 197.56 | 2 748.83 |
| Shareholders equity total | -83.91 | - 130.54 | - 139.15 | 1 058.41 | 3 807.24 |
| Balance sheet total (assets) | 2 951.55 | 1 709.45 | 1 907.13 | 1 784.21 | 5 279.96 |
| Net debt | 2 734.35 | 1 244.31 | 1 543.25 | 341.86 | -69.55 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 1.8 % | 1.7 % | -0.5 % | 64.5 % | 78.7 % |
| ROE | -6.2 % | -2.0 % | -0.5 % | 80.8 % | 113.0 % |
| ROI | 1.8 % | 2.0 % | -0.6 % | 80.6 % | 91.6 % |
| Economic value added (EVA) | - 156.36 | - 146.72 | -70.38 | -92.92 | -89.41 |
| Solvency | |||||
| Equity ratio | -2.8 % | -7.1 % | -6.8 % | 59.3 % | 72.1 % |
| Gearing | -3380.3 % | -1062.2 % | -1140.2 % | 40.0 % | 20.5 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.6 | 0.4 | 0.2 | 0.9 | 2.4 |
| Current ratio | 0.6 | 0.4 | 0.2 | 0.9 | 2.4 |
| Cash and cash equivalents | 102.18 | 142.28 | 43.34 | 81.81 | 850.63 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BBB |
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