VESTHIMMERLANDS VAND A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VESTHIMMERLANDS VAND A/S
VESTHIMMERLANDS VAND A/S (CVR number: 32562299) is a company from VESTHIMMERLANDS. The company reported a net sales of 80.7 mDKK in 2023, demonstrating a decline of -1.8 % compared to the previous year. The operating profit percentage was at 5.8 % (EBIT: 4.7 mDKK), while net earnings were 11.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 0.7 %, which can be considered weak and Return on Equity (ROE) was 1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 83.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. VESTHIMMERLANDS VAND A/S's liquidity measured by quick ratio was 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 77.28 | 82.57 | 80.33 | 82.14 | 80.70 |
Gross profit | 50.21 | 55.51 | 50.06 | 49.70 | 45.57 |
EBIT | 14.11 | 13.30 | 16.98 | 17.00 | 4.68 |
Net earnings | 13.66 | 12.72 | 17.35 | 14.80 | 11.14 |
Shareholders equity total | 1 078.63 | 1 091.34 | 1 095.52 | 1 132.46 | 1 136.07 |
Balance sheet total (assets) | 1 129.11 | 1 198.67 | 1 250.26 | 1 289.32 | 1 363.19 |
Net debt | 20.22 | 27.05 | 27.25 | 32.40 | 55.35 |
Profitability | |||||
EBIT-% | 18.3 % | 16.1 % | 21.1 % | 20.7 % | 5.8 % |
ROA | 1.3 % | 1.1 % | 1.5 % | 1.4 % | 0.7 % |
ROE | 1.3 % | 1.2 % | 1.6 % | 1.3 % | 1.0 % |
ROI | 1.3 % | 1.2 % | 1.5 % | 1.5 % | 0.8 % |
Economic value added (EVA) | -39.99 | -41.63 | -36.80 | -37.37 | -52.16 |
Solvency | |||||
Equity ratio | 96.1 % | 91.4 % | 88.0 % | 88.3 % | 83.7 % |
Gearing | 2.4 % | 5.5 % | 7.9 % | 7.8 % | 12.9 % |
Relative net indebtedness % | 57.6 % | 90.4 % | 118.8 % | 122.3 % | 169.0 % |
Liquidity | |||||
Quick ratio | 3.1 | 1.1 | 1.6 | 1.8 | 2.0 |
Current ratio | 2.1 | 1.0 | 1.4 | 1.6 | 1.8 |
Cash and cash equivalents | 6.00 | 32.72 | 59.30 | 56.37 | 90.77 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 36.2 | 45.2 | 33.0 | 63.2 | 59.6 |
Net working capital % | 28.0 % | 1.4 % | -36.9 % | -24.6 % | -33.8 % |
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AAA | AAA |
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