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 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 82.57 | 80.33 | 82.14 | 80.70 | 92.80 |
Gross profit | 55.51 | 50.06 | 49.70 | 45.57 | 56.12 |
EBIT | 13.30 | 16.98 | 17.00 | 4.68 | 18.47 |
Net earnings | 12.72 | 17.35 | 14.80 | 11.14 | 19.41 |
Shareholders equity total | 1 091.34 | 1 095.52 | 1 132.46 | 1 136.07 | 1 153.51 |
Balance sheet total (assets) | 1 198.67 | 1 250.26 | 1 289.32 | 1 363.19 | 1 453.08 |
Net debt | 27.05 | 27.25 | 32.40 | 53.67 | 85.77 |
Profitability | |||||
EBIT-% | 16.1 % | 21.1 % | 20.7 % | 5.8 % | 19.9 % |
ROA | 1.1 % | 1.5 % | 1.4 % | 0.7 % | 1.9 % |
ROE | 1.2 % | 1.6 % | 1.3 % | 1.0 % | 1.7 % |
ROI | 1.2 % | 1.5 % | 1.5 % | 0.8 % | 1.9 % |
Economic value added (EVA) | -42.16 | -40.41 | -42.05 | -58.04 | -46.34 |
Solvency | |||||
Equity ratio | 91.4 % | 88.0 % | 88.3 % | 83.7 % | 79.4 % |
Gearing | 5.5 % | 7.9 % | 7.8 % | 12.7 % | 19.8 % |
Relative net indebtedness % | 90.4 % | 118.8 % | 122.3 % | 128.7 % | 131.1 % |
Liquidity | |||||
Quick ratio | 1.1 | 1.6 | 1.8 | 2.0 | 1.8 |
Current ratio | 1.0 | 1.4 | 1.6 | 1.8 | 1.8 |
Cash and cash equivalents | 32.72 | 59.30 | 56.37 | 90.77 | 142.87 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 45.2 | 33.0 | 63.2 | 59.6 | 37.9 |
Net working capital % | 1.4 % | -36.9 % | -24.6 % | -33.8 % | -60.8 % |
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AAA | AAA |
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