Ørsted Wind Power Denmark A/S — Credit Rating and Financial Key Figures

CVR number: 31846846
Kraftværksvej 53, Skærbæk 7000 Fredericia

Credit rating

Company information

Official name
Ørsted Wind Power Denmark A/S
Established
2008
Domicile
Skærbæk
Company form
Limited company
Industry

About Ørsted Wind Power Denmark A/S

Ørsted Wind Power Denmark A/S (CVR number: 31846846) is a company from FREDERICIA. The company reported a net sales of 6.4 mDKK in 2023, demonstrating a growth of 9.6 % compared to the previous year. The operating profit percentage was poor at -965 % (EBIT: -61.4 mDKK), while net earnings were 1222.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 40.8 %, which can be considered excellent and Return on Equity (ROE) was 49.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 75.1 %, 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. Ørsted Wind Power Denmark A/S's liquidity measured by quick ratio was 1.5 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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales6 575.006 228.006 078.005 802.006 358.00
Gross profit473.00-4 877.00- 637.0021 463.00-30 549.00
EBIT473.00-4 877.00- 637.0021 463.00-61 353.00
Net earnings249 770.00204 298.00-1 152 030.00-48 928.001 222 241.00
Shareholders equity total1 666 207.001 870 505.00718 475.001 869 547.003 091 788.00
Balance sheet total (assets)2 007 126.002 327 225.003 414 282.004 889 451.004 114 220.00
Net debt247 101.00291 093.001 986 438.002 848 304.00740 362.00
Profitability
EBIT-%7.2 %-78.3 %-10.5 %369.9 %-965.0 %
ROA12.7 %12.8 %15.8 %32.2 %40.8 %
ROE14.8 %11.6 %-89.0 %-3.8 %49.3 %
ROI12.9 %13.0 %16.1 %33.1 %43.0 %
Economic value added (EVA)16 907.1010 491.0517 754.83115 802.8679 464.67
Solvency
Equity ratio83.0 %80.4 %21.0 %38.2 %75.1 %
Gearing14.8 %15.6 %276.5 %152.4 %23.9 %
Relative net indebtedness %4271.5 %6899.4 %43921.2 %52049.4 %16081.0 %
Liquidity
Quick ratio0.20.30.40.71.5
Current ratio0.20.30.40.71.5
Cash and cash equivalents
Capital use efficiency
Trade debtors turnover (days)170.9208.5234.9189.752.4
Net working capital %-3423.7 %-3473.3 %-21790.3 %-11449.1 %6222.3 %
Credit risk
Credit ratingAABBBABBB

Variable visualization

ROA:40.8%
Rating: 89/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:75.1%
Rating: 56/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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