Credit rating
Company information
About the company
VESTFORSYNING SPILDEVAND A/S (CVR number: 26704006) is a company from HOLSTEBRO. The company reported a net sales of 130.1 mDKK in 2023, demonstrating a growth of 30.3 % compared to the previous year. The operating profit percentage was at 14.3 % (EBIT: 18.6 mDKK), while net earnings were 19.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 0.9 %, 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 88.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. VESTFORSYNING SPILDEVAND A/S's liquidity measured by quick ratio was 3.3 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 | 103.75 | 111.47 | 112.45 | 99.87 | 130.10 |
Gross profit | 12.53 | 16.47 | 14.98 | -2.62 | 28.12 |
EBIT | 4.09 | 7.36 | 6.52 | -12.27 | 18.59 |
Net earnings | 10.49 | 9.30 | 33.61 | 18.64 | 19.81 |
Shareholders equity total | 1 888.93 | 1 898.23 | 1 931.84 | 1 950.48 | 1 970.30 |
Balance sheet total (assets) | 2 091.32 | 2 110.51 | 2 150.64 | 2 186.87 | 2 218.00 |
Net debt | 30.78 | -6.39 | |||
Profitability | |||||
EBIT-% | 3.9 % | 6.6 % | 5.8 % | -12.3 % | 14.3 % |
ROA | 0.2 % | 0.4 % | 0.3 % | -0.6 % | 0.9 % |
ROE | 0.6 % | 0.5 % | 1.8 % | 1.0 % | 1.0 % |
ROI | 0.2 % | 0.4 % | 0.3 % | -0.6 % | 1.0 % |
Economic value added (EVA) | -92.23 | -87.56 | -88.87 | - 105.79 | -79.48 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 89.2 % | 88.8 % |
Gearing | 4.1 % | 3.9 % | |||
Relative net indebtedness % | 187.5 % | 126.7 % | |||
Liquidity | |||||
Quick ratio | 2.0 | 3.3 | |||
Current ratio | 2.0 | 3.3 | |||
Cash and cash equivalents | 49.17 | 82.80 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 15.1 | 52.7 | |||
Net working capital % | 46.1 % | 56.1 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | AAA |
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