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WESTERGAARD ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About WESTERGAARD ApS
WESTERGAARD ApS (CVR number: 33579756) is a company from SØNDERBORG. The company recorded a gross profit of 111.6 kDKK in 2024. The operating profit was -35.4 kDKK, while net earnings were -45.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.8 %, which can be considered poor and Return on Equity (ROE) was -4.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 78.4 %, 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. WESTERGAARD ApS's liquidity measured by quick ratio was 3.6 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 | 203.39 | 90.50 | |||
| Gross profit | 83.51 | - 122.04 | 9.71 | 113.79 | 111.60 |
| EBIT | 83.41 | - 626.66 | 9.71 | 94.58 | -35.42 |
| Net earnings | 40.76 | 483.84 | 0.56 | 71.27 | -45.18 |
| Shareholders equity total | 526.25 | 906.15 | 906.71 | 978.14 | 932.96 |
| Balance sheet total (assets) | 2 196.24 | 1 013.03 | 911.11 | 985.67 | 1 190.14 |
| Net debt | 1 566.08 | - 995.15 | - 886.19 | - 968.03 | - 549.53 |
| Profitability | |||||
| EBIT-% | 41.0 % | -692.5 % | |||
| ROA | 3.7 % | 38.9 % | 1.0 % | 10.0 % | -1.8 % |
| ROE | 8.1 % | 67.6 % | 0.1 % | 7.6 % | -4.7 % |
| ROI | 4.0 % | 41.6 % | 1.1 % | 10.1 % | -1.8 % |
| Economic value added (EVA) | -41.84 | - 624.64 | -35.92 | 28.15 | -76.78 |
| Solvency | |||||
| Equity ratio | 24.0 % | 89.4 % | 99.5 % | 99.2 % | 78.4 % |
| Gearing | 297.6 % | 0.2 % | 0.5 % | 24.7 % | |
| Relative net indebtedness % | 821.1 % | -983.6 % | |||
| Liquidity | |||||
| Quick ratio | 0.4 | 9.5 | 206.8 | 130.9 | 3.6 |
| Current ratio | 0.4 | 9.5 | 206.8 | 130.9 | 3.6 |
| Cash and cash equivalents | 997.03 | 890.60 | 968.03 | 780.28 | |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | -31.2 % | 1001.3 % | |||
| Credit risk | |||||
| Credit rating | A | A | A | AA | A |
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