WCRE III Holding A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About WCRE III Holding A/S
WCRE III Holding A/S (CVR number: 42895253K) is a company from VARDE. The company recorded a gross profit of -18765.3 kDKK in 2024. The operating profit was -18.8 mDKK, while net earnings were 88.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.1 %, which can be considered decent but Return on Equity (ROE) was 0.1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 70.2 %, 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. WCRE III Holding A/S's liquidity measured by quick ratio was 5.5 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|
Volume | ||||
Net sales | ||||
Gross profit | 14 699.45 | 19 266.85 | -14 769.61 | -18 765.34 |
EBIT | 14 699.45 | -12 167.39 | -14 769.61 | -18 766.20 |
Net earnings | 10 564.09 | -9 579.36 | -15 883.27 | 88.12 |
Shareholders equity total | 32 998.65 | 22 979.15 | -3 855.26 | -6 847.13 |
Balance sheet total (assets) | 345 219.65 | 306 990.83 | 206 301.71 | 93 689.60 |
Net debt | 199 002.35 | 189 114.35 | 138 488.03 | 64 172.49 |
Profitability | ||||
EBIT-% | ||||
ROA | 4.3 % | -3.7 % | -5.3 % | 4.1 % |
ROE | 36.6 % | -42.0 % | -14.3 % | 0.1 % |
ROI | 4.9 % | -4.3 % | -6.1 % | 4.6 % |
Economic value added (EVA) | 10 658.60 | -24 585.25 | -30 289.76 | -22 374.27 |
Solvency | ||||
Equity ratio | 57.2 % | 68.0 % | 72.7 % | 70.2 % |
Gearing | 800.9 % | 1032.6 % | -4732.8 % | -1365.1 % |
Relative net indebtedness % | ||||
Liquidity | ||||
Quick ratio | 0.8 | 0.6 | 1.2 | 5.5 |
Current ratio | 2.3 | 3.1 | 3.3 | 15.7 |
Cash and cash equivalents | 65 282.27 | 48 167.52 | 43 972.10 | 29 295.69 |
Capital use efficiency | ||||
Trade debtors turnover (days) | ||||
Net working capital % | ||||
Credit risk | ||||
Credit rating | BBB | BBB | BBB | BB |
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