WEA TECHNOLOGY A/S — Credit Rating and Financial Key Figures

CVR number: 20276045
Amagergade 15, 1423 København K
info@wea.dk
tel: 46383202

Credit rating

Company information

Official name
WEA TECHNOLOGY A/S
Established
1997
Company form
Limited company
Industry

About WEA TECHNOLOGY A/S

WEA TECHNOLOGY A/S (CVR number: 20276045) is a company from KØBENHAVN. The company recorded a gross profit of 48.1 kDKK in 2023. The operating profit was 24.5 kDKK, while net earnings were 46.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.8 %, which can be considered decent but Return on Equity (ROE) was 11.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 45.7 %, 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. WEA TECHNOLOGY A/S's liquidity measured by quick ratio was 1.7 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales364.10
Gross profit20.5718.02-6.6648.11
EBIT14.26-31.293.81-10.6424.53
Net earnings3.05-52.850.84-17.6546.94
Shareholders equity total455.75402.90403.74386.09433.02
Balance sheet total (assets)611.62568.46864.74839.46947.13
Net debt- 114.72- 179.61-30.12- 369.27- 221.19
Profitability
EBIT-%3.9 %
ROA2.3 %0.2 %0.5 %-1.2 %5.8 %
ROE0.7 %-12.3 %0.2 %-4.5 %11.5 %
ROI2.6 %-12.4 %0.7 %-2.1 %10.9 %
Economic value added (EVA)3.21-37.31-3.17-20.6125.47
Solvency
Equity ratio74.5 %70.9 %46.7 %46.0 %45.7 %
Gearing18.5 %20.9 %43.4 %9.2 %20.1 %
Relative net indebtedness %-11.8 %
Liquidity
Quick ratio3.12.71.71.61.7
Current ratio3.83.31.91.91.9
Cash and cash equivalents198.99263.88205.21404.77308.06
Capital use efficiency
Trade debtors turnover (days)134.1
Net working capital %120.0 %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:5.76%
Rating: 45/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:45.7%
Rating: 37/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member

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