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SØREN WESTERGAARD ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About SØREN WESTERGAARD ApS
SØREN WESTERGAARD ApS (CVR number: 28704054K) is a company from HERNING. The company reported a net sales of 1921.2 mDKK in 2024, demonstrating a decline of -10.3 % compared to the previous year. The operating profit percentage was at 3.4 % (EBIT: 65.6 mDKK), while net earnings were 45.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 19.4 %, which can be considered excellent and Return on Equity (ROE) was 16.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 79 %, 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. SØREN WESTERGAARD ApS's liquidity measured by quick ratio was 4.9 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 | 1 017.92 | 915.47 | 1 699.83 | 2 142.82 | 1 921.21 |
| Gross profit | 1 017.92 | 915.47 | 1 699.83 | 129.82 | 107.79 |
| EBIT | 19.39 | 3.64 | 62.41 | 90.58 | 65.60 |
| Net earnings | 18.48 | 0.10 | 51.53 | 71.41 | 45.28 |
| Shareholders equity total | 154.98 | 155.40 | 205.29 | 260.89 | 300.17 |
| Balance sheet total (assets) | 212.56 | 213.69 | 305.54 | 366.83 | 380.00 |
| Net debt | - 126.59 | - 119.53 | |||
| Profitability | |||||
| EBIT-% | 1.9 % | 0.4 % | 3.7 % | 4.2 % | 3.4 % |
| ROA | 9.2 % | 1.7 % | 24.0 % | 29.2 % | 19.4 % |
| ROE | 12.6 % | 0.1 % | 28.6 % | 30.8 % | 16.2 % |
| ROI | 9.2 % | 1.7 % | 24.0 % | 34.1 % | 25.5 % |
| Economic value added (EVA) | 12.49 | -4.15 | 54.60 | 60.03 | 38.09 |
| Solvency | |||||
| Equity ratio | 100.0 % | 100.0 % | 100.0 % | 71.1 % | 79.0 % |
| Gearing | 0.3 % | 0.0 % | |||
| Relative net indebtedness % | -1.0 % | -2.1 % | |||
| Liquidity | |||||
| Quick ratio | 4.2 | 4.9 | |||
| Current ratio | 4.2 | 4.9 | |||
| Cash and cash equivalents | 127.45 | 119.55 | |||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 25.2 | 31.1 | |||
| Net working capital % | 8.1 % | 9.3 % | |||
| Credit risk | |||||
| Credit rating | A | A | A | A | A |
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