VITESSE HERNING A/S — Credit Rating and Financial Key Figures

CVR number: 24207412
Frølundvej 60, Hammerum 7400 Herning

Company information

Official name
VITESSE HERNING A/S
Established
1990
Domicile
Hammerum
Company form
Limited company
Industry

About VITESSE HERNING A/S

VITESSE HERNING A/S (CVR number: 24207412) is a company from HERNING. The company recorded a gross profit of -239.3 kDKK in 2019. The operating profit was -239.3 kDKK, while net earnings were 3266.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13.6 %, which can be considered good and Return on Equity (ROE) was 10.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 94.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. VITESSE HERNING A/S's liquidity measured by quick ratio was 24.2 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2016
2017
2018
2019
Volume
Net sales
Gross profit- 253.00- 325.00- 196.00- 239.33
EBIT- 253.00- 325.00- 196.00- 239.33
Net earnings-96.00886.00-1 076.003 266.77
Shareholders equity total30 523.0031 410.0030 334.0033 600.63
Balance sheet total (assets)31 638.0032 228.0031 058.0035 498.27
Net debt-29 068.00-30 008.00-28 567.00-32 740.68
Profitability
EBIT-%
ROA1.0 %4.6 %1.8 %13.6 %
ROE-0.3 %2.9 %-3.5 %10.2 %
ROI1.0 %4.7 %1.8 %13.7 %
Economic value added (EVA)- 211.20- 301.69- 215.46- 248.26
Solvency
Equity ratio96.5 %97.5 %97.7 %94.7 %
Gearing1.5 %0.5 %1.8 %2.6 %
Relative net indebtedness %
Liquidity
Quick ratio45.3107.653.224.2
Current ratio45.3107.653.224.2
Cash and cash equivalents29 537.0030 159.0029 108.0033 629.37
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:13.6%
Rating: 64/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:94.7%
Rating: 75/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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