WESTERGAARD ApS — Credit Rating and Financial Key Figures

CVR number: 33579756
Møllebakken 18, 6400 Sønderborg
dennis@westergaard.me
tel: 21451999

Credit rating

Company information

Official name
WESTERGAARD ApS
Personnel
2 persons
Established
2011
Company form
Private limited company
Industry

About WESTERGAARD ApS

WESTERGAARD ApS (CVR number: 33579756) is a company from SØNDERBORG. The company recorded a gross profit of 113.8 kDKK in 2023. The operating profit was 94.6 kDKK, while net earnings were 71.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10 %, which can be considered good but Return on Equity (ROE) was 7.6 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 99.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. WESTERGAARD ApS's liquidity measured by quick ratio was 130.9 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

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales202.79203.3990.50
Gross profit125.2883.51- 122.049.71113.79
EBIT123.3583.41- 626.669.7194.58
Net earnings62.8840.76483.840.5671.27
Shareholders equity total485.49526.25906.15906.71978.14
Balance sheet total (assets)2 265.492 196.241 013.03911.11985.67
Net debt1 614.261 566.08- 995.15- 886.19- 968.03
Profitability
EBIT-%60.8 %41.0 %-692.5 %
ROA5.4 %3.7 %38.9 %1.0 %10.0 %
ROE15.7 %8.1 %67.6 %0.1 %7.6 %
ROI5.9 %4.0 %41.6 %1.1 %10.1 %
Economic value added (EVA)-1.53-40.46- 624.3514.2873.12
Solvency
Equity ratio21.4 %24.0 %89.4 %99.5 %99.2 %
Gearing338.2 %297.6 %0.2 %0.5 %
Relative net indebtedness %864.2 %821.1 %-983.6 %
Liquidity
Quick ratio0.80.49.5206.8130.9
Current ratio0.80.49.5206.8130.9
Cash and cash equivalents27.55997.03890.60968.03
Capital use efficiency
Trade debtors turnover (days)
Net working capital %-11.2 %-31.2 %1001.3 %
Credit risk
Credit ratingAABBBBBBBB

Variable visualization

ROA:10.0%
Rating: 57/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:99.2%
Rating: 88/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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