VEJLEFJORD-FONDEN — Credit Rating and Financial Key Figures
Credit rating
Company information
About VEJLEFJORD-FONDEN
VEJLEFJORD-FONDEN (CVR number: 13909644K) is a company from HEDENSTED. The company recorded a gross profit of 152.1 mDKK in 2023. The operating profit was 30.4 mDKK, while net earnings were 19.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9.6 %, which can be considered good but Return on Equity (ROE) was 17 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 38.3 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. VEJLEFJORD-FONDEN's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 129 936.95 | 116 249.66 | 138 874.84 | 159 238.38 | 152 107.17 |
EBIT | 26 507.28 | 17 696.34 | 26 530.86 | 37 109.78 | 30 378.57 |
Net earnings | 15 448.13 | 6 354.96 | 15 300.77 | 23 121.50 | 19 260.67 |
Shareholders equity total | 32 487.34 | 37 754.56 | 60 508.10 | 105 131.13 | 121 649.87 |
Balance sheet total (assets) | 289 340.77 | 307 748.25 | 325 846.45 | 330 483.97 | 317 291.97 |
Net debt | 146 953.10 | 131 848.27 | 130 890.81 | 86 024.40 | 71 601.36 |
Profitability | |||||
EBIT-% | |||||
ROA | 9.3 % | 5.9 % | 8.4 % | 11.3 % | 9.6 % |
ROE | 58.5 % | 18.1 % | 31.1 % | 27.9 % | 17.0 % |
ROI | 12.4 % | 9.1 % | 12.7 % | 15.5 % | 12.3 % |
Economic value added (EVA) | 13 088.87 | 4 747.08 | 12 348.52 | 19 844.36 | 15 610.43 |
Solvency | |||||
Equity ratio | 12.0 % | 12.3 % | 18.6 % | 31.8 % | 38.3 % |
Gearing | 472.4 % | 388.2 % | 238.6 % | 127.5 % | 88.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.3 | 0.6 | 0.8 | 1.0 | 0.9 |
Current ratio | 0.3 | 0.6 | 0.8 | 1.0 | 0.9 |
Cash and cash equivalents | 6 507.45 | 14 703.14 | 13 466.39 | 47 977.64 | 35 476.49 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | AA | AA | AAA | AAA | AAA |
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