WIRTGEN DENMARK A/S
Credit rating
Company information
About WIRTGEN DENMARK A/S
WIRTGEN DENMARK A/S (CVR number: 81667217) is a company from FREDERICIA. The company recorded a gross profit of 34.2 mDKK in 2023. The operating profit was 11.9 mDKK, while net earnings were 15.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 11.5 %, which can be considered good and Return on Equity (ROE) was 13.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 71.1 %, 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. WIRTGEN DENMARK A/S's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 193 483.00 | 171 581.00 | |||
Gross profit | 18 567.00 | 21 274.00 | 25 629.00 | 29 360.00 | 34 210.00 |
EBIT | -2 482.00 | 2 239.00 | 7 328.00 | 4 874.00 | 11 891.00 |
Net earnings | 2 024.00 | 9 840.00 | 5 884.00 | 11 276.00 | 15 912.00 |
Shareholders equity total | 158 587.00 | 167 482.00 | 99 748.00 | 111 024.00 | 126 936.00 |
Balance sheet total (assets) | 235 754.00 | 229 274.00 | 152 418.00 | 168 032.00 | 178 610.00 |
Net debt | 44 094.00 | 25 687.00 | 31 941.00 | 35 370.00 | 18 906.00 |
Profitability | |||||
EBIT-% | -1.3 % | 1.3 % | |||
ROA | 1.0 % | 4.7 % | 4.2 % | 8.1 % | 11.5 % |
ROE | 1.3 % | 6.0 % | 4.4 % | 10.7 % | 13.4 % |
ROI | 1.1 % | 5.1 % | 4.5 % | 8.6 % | 12.4 % |
Economic value added (EVA) | - 653.70 | 3 082.27 | 7 718.59 | 459.83 | 5 462.10 |
Solvency | |||||
Equity ratio | 67.3 % | 73.1 % | 65.6 % | 66.1 % | 71.1 % |
Gearing | 34.7 % | 27.1 % | 40.5 % | 41.5 % | 28.2 % |
Relative net indebtedness % | 33.4 % | 23.8 % | |||
Liquidity | |||||
Quick ratio | 0.4 | 0.6 | 0.5 | 0.5 | 0.8 |
Current ratio | 1.5 | 1.8 | 2.2 | 2.4 | 3.1 |
Cash and cash equivalents | 10 869.00 | 19 661.00 | 8 427.00 | 10 654.00 | 16 951.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 21.2 | 25.9 | |||
Net working capital % | 20.1 % | 26.6 % | |||
Credit risk | |||||
Credit rating | AA | AAA | AA | AAA | AAA |
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