VESTERGAARD COMPANY A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VESTERGAARD COMPANY A/S
VESTERGAARD COMPANY A/S (CVR number: 70642212K) is a company from LEJRE. The company reported a net sales of 878.9 mDKK in 2023, demonstrating a growth of 6.9 % compared to the previous year. The operating profit percentage was at 14.6 % (EBIT: 128.2 mDKK), while net earnings were 96.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 13 %, which can be considered good but Return on Equity (ROE) was 16 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 61.5 %, 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. VESTERGAARD COMPANY A/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 829.19 | 268.11 | 529.24 | 822.42 | 878.94 |
Gross profit | 297.19 | 32.28 | 159.63 | 271.76 | 313.17 |
EBIT | 162.49 | -63.38 | 34.30 | 116.18 | 128.18 |
Net earnings | 124.22 | -58.49 | 28.72 | 84.16 | 96.42 |
Shareholders equity total | 518.40 | 459.40 | 489.52 | 563.17 | 645.07 |
Balance sheet total (assets) | 831.09 | 861.52 | 904.82 | 884.74 | 1 141.58 |
Net debt | 128.65 | 37.96 | |||
Profitability | |||||
EBIT-% | 19.6 % | -23.6 % | 6.5 % | 14.1 % | 14.6 % |
ROA | 21.3 % | -7.5 % | 3.9 % | 13.3 % | 13.0 % |
ROE | 25.8 % | -12.0 % | 6.1 % | 16.0 % | 16.0 % |
ROI | 23.8 % | -7.5 % | 3.9 % | 14.3 % | 16.8 % |
Economic value added (EVA) | 142.31 | -89.43 | 11.22 | 68.30 | 68.53 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 63.9 % | 61.5 % |
Gearing | 26.1 % | 24.3 % | |||
Relative net indebtedness % | 31.1 % | 41.4 % | |||
Liquidity | |||||
Quick ratio | 1.7 | 1.3 | |||
Current ratio | 3.9 | 2.5 | |||
Cash and cash equivalents | 18.25 | 118.90 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 16.2 | 92.8 | |||
Net working capital % | 64.0 % | 65.6 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | A | AAA | AAA |
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