H. VEDEL A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About H. VEDEL A/S
H. VEDEL A/S (CVR number: 18705206) is a company from VEJLE. The company recorded a gross profit of 7072.9 kDKK in 2023. The operating profit was -712.2 kDKK, while net earnings were -497.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -5.8 %, which can be considered poor and Return on Equity (ROE) was -13.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 57.9 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. H. VEDEL A/S's liquidity measured by quick ratio was 1.6 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 5 075.87 | 11 460.53 | 11 844.46 | 11 076.27 | 7 072.94 |
EBIT | 2 128.52 | 2 493.47 | 2 164.59 | 14.78 | - 712.23 |
Net earnings | 1 640.90 | 2 005.74 | 1 789.08 | 71.92 | - 497.56 |
Shareholders equity total | 3 642.90 | 4 005.74 | 3 794.82 | 2 196.92 | 5 199.36 |
Balance sheet total (assets) | 10 429.05 | 13 144.83 | 8 212.10 | 12 391.15 | 8 985.67 |
Net debt | 109.96 | -2 104.69 | - 171.63 | 4 227.27 | - 531.83 |
Profitability | |||||
EBIT-% | |||||
ROA | 22.0 % | 22.2 % | 22.3 % | 1.3 % | -5.8 % |
ROE | 46.8 % | 52.4 % | 45.9 % | 2.4 % | -13.5 % |
ROI | 45.8 % | 55.6 % | 52.3 % | 2.0 % | -9.1 % |
Economic value added (EVA) | 1 554.85 | 1 797.86 | 1 588.37 | - 143.86 | - 612.43 |
Solvency | |||||
Equity ratio | 34.9 % | 30.5 % | 46.2 % | 17.7 % | 57.9 % |
Gearing | 11.3 % | 0.4 % | 14.0 % | 240.8 % | 1.2 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.3 | 1.2 | 1.4 | 0.9 | 1.6 |
Current ratio | 1.4 | 1.2 | 1.4 | 0.9 | 1.6 |
Cash and cash equivalents | 300.47 | 2 118.76 | 704.75 | 1 063.90 | 595.78 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | A | BBB | BBB |
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