WESSEL & VETT HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About WESSEL & VETT HOLDING A/S
WESSEL & VETT HOLDING A/S (CVR number: 10802180) is a company from KØBENHAVN. The company recorded a gross profit of -1263.8 kDKK in 2023. The operating profit was -1883 kDKK, while net earnings were 10.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 11.1 %, which can be considered good but Return on Equity (ROE) was 6.1 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 96.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. WESSEL & VETT HOLDING A/S's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -1 409.08 | -1 169.65 | - 810.63 | - 834.86 | -1 263.84 |
EBIT | -1 996.84 | -1 826.19 | -1 282.31 | -1 419.59 | -1 882.98 |
Net earnings | 7 910.18 | 14 851.20 | 11 162.56 | 7 130.10 | 10 204.71 |
Shareholders equity total | 176 940.11 | 188 791.31 | 154 039.87 | 161 169.97 | 171 374.68 |
Balance sheet total (assets) | 184 724.70 | 198 658.37 | 162 441.01 | 167 429.57 | 177 975.61 |
Net debt | 3 764.82 | -3 818.21 | 3 341.00 | 2 536.76 | - 801.77 |
Profitability | |||||
EBIT-% | |||||
ROA | 5.1 % | 9.9 % | 6.2 % | 7.8 % | 11.1 % |
ROE | 4.5 % | 8.1 % | 6.5 % | 4.5 % | 6.1 % |
ROI | 5.1 % | 10.0 % | 6.3 % | 7.8 % | 11.1 % |
Economic value added (EVA) | -9 672.12 | -10 496.72 | -10 336.16 | -8 819.09 | -9 265.10 |
Solvency | |||||
Equity ratio | 95.8 % | 95.0 % | 94.8 % | 96.3 % | 96.3 % |
Gearing | 3.8 % | 3.9 % | 5.4 % | 3.8 % | 2.3 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.5 | 1.3 | 0.8 | 0.8 | 0.8 |
Current ratio | 0.5 | 1.3 | 0.8 | 0.8 | 0.8 |
Cash and cash equivalents | 2 911.80 | 11 167.18 | 4 950.67 | 3 580.20 | 4 730.68 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | AA | AA | AA | AA | A |
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