VESTHIMMERLANDS VAND A/S — Credit Rating and Financial Key Figures

CVR number: 32562299
Stengårdsvej 33, Brårup 9670 Løgstør
fie@vesthimmerlandsvand.dk
tel: 96979500

Credit rating

Company information

Official name
VESTHIMMERLANDS VAND A/S
Established
2009
Domicile
Brårup
Company form
Limited company
Industry

About VESTHIMMERLANDS VAND A/S

VESTHIMMERLANDS VAND A/S (CVR number: 32562299) is a company from VESTHIMMERLANDS. The company reported a net sales of 92.8 mDKK in 2024, demonstrating a growth of 15 % compared to the previous year. The operating profit percentage was at 19.9 % (EBIT: 18.5 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 79.4 %, 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. VESTHIMMERLANDS VAND A/S's liquidity measured by quick ratio was 1.8 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 (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales82.5780.3382.1480.7092.80
Gross profit55.5150.0649.7045.5756.12
EBIT13.3016.9817.004.6818.47
Net earnings12.7217.3514.8011.1419.41
Shareholders equity total1 091.341 095.521 132.461 136.071 153.51
Balance sheet total (assets)1 198.671 250.261 289.321 363.191 453.08
Net debt27.0527.2532.4053.6785.77
Profitability
EBIT-%16.1 %21.1 %20.7 %5.8 %19.9 %
ROA1.1 %1.5 %1.4 %0.7 %1.9 %
ROE1.2 %1.6 %1.3 %1.0 %1.7 %
ROI1.2 %1.5 %1.5 %0.8 %1.9 %
Economic value added (EVA)-42.16-40.41-42.05-58.04-46.34
Solvency
Equity ratio91.4 %88.0 %88.3 %83.7 %79.4 %
Gearing5.5 %7.9 %7.8 %12.7 %19.8 %
Relative net indebtedness %90.4 %118.8 %122.3 %128.7 %131.1 %
Liquidity
Quick ratio1.11.61.82.01.8
Current ratio1.01.41.61.81.8
Cash and cash equivalents32.7259.3056.3790.77142.87
Capital use efficiency
Trade debtors turnover (days)45.233.063.259.637.9
Net working capital %1.4 %-36.9 %-24.6 %-33.8 %-60.8 %
Credit risk
Credit ratingAAAAAAAAAAAAAAA

Variable visualization

ROA:1.86%
Rating: 29/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:79.4%
Rating: 59/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Chief executive officer
Chairman of the board
Board member

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