Vesthimmerlands Forsyning Holding A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Vesthimmerlands Forsyning Holding A/S
Vesthimmerlands Forsyning Holding A/S (CVR number: 39192772K) is a company from VESTHIMMERLANDS. The company reported a net sales of 167 mDKK in 2024, demonstrating a growth of 12.3 % compared to the previous year. The operating profit percentage was at 12.4 % (EBIT: 20.6 mDKK), while net earnings were 19.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 1.9 %, which can be considered weak and Return on Equity (ROE) was 1.7 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 75.8 %, 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. Vesthimmerlands Forsyning Holding A/S's liquidity measured by quick ratio was 1.5 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 | 134.46 | 136.30 | 143.74 | 148.69 | 167.00 |
Gross profit | 134.46 | 136.30 | 143.74 | 96.83 | 110.49 |
EBIT | 23.54 | 21.16 | 18.88 | 6.64 | 20.63 |
Net earnings | 12.81 | 18.75 | 14.87 | 11.24 | 19.42 |
Shareholders equity total | 1 103.44 | 1 109.02 | 1 146.10 | 1 149.06 | 1 165.44 |
Balance sheet total (assets) | 1 263.14 | 1 306.89 | 1 357.58 | 1 447.76 | 1 539.48 |
Net debt | 50.97 | 83.39 | |||
Profitability | |||||
EBIT-% | 17.5 % | 15.5 % | 13.1 % | 4.5 % | 12.4 % |
ROA | 1.9 % | 1.6 % | 1.4 % | 0.9 % | 1.9 % |
ROE | 1.2 % | 1.7 % | 1.3 % | 1.0 % | 1.7 % |
ROI | 1.9 % | 1.6 % | 1.4 % | 0.9 % | 2.0 % |
Economic value added (EVA) | -31.27 | -34.29 | -36.85 | -52.88 | -47.73 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 79.7 % | 75.8 % |
Gearing | 12.8 % | 19.9 % | |||
Relative net indebtedness % | 114.7 % | 114.2 % | |||
Liquidity | |||||
Quick ratio | 1.6 | 1.5 | |||
Current ratio | 1.5 | 1.5 | |||
Cash and cash equivalents | 95.71 | 148.24 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 39.0 | 25.2 | |||
Net working capital % | -26.3 % | -41.9 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AAA | AAA |
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