VEJEN VAND A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VEJEN VAND A/S
VEJEN VAND A/S (CVR number: 35244824) is a company from VEJEN. The company reported a net sales of 9.7 mDKK in 2023, demonstrating a decline of -15.5 % compared to the previous year. The operating profit percentage was poor at -23.3 % (EBIT: -2.2 mDKK), while net earnings were -959 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.1 %, which can be considered poor and Return on Equity (ROE) was -0.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 80.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. VEJEN VAND A/S's liquidity measured by quick ratio was 5.2 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 8 648.00 | 8 993.00 | 10 673.00 | 11 448.00 | 9 668.00 |
Gross profit | -33.00 | 1 721.00 | 3 119.00 | 3 046.00 | - 422.00 |
EBIT | - 976.00 | 984.00 | 2 163.00 | 2 136.00 | -2 250.00 |
Net earnings | -1 165.00 | 625.00 | 1 851.00 | 1 867.00 | - 959.00 |
Shareholders equity total | 141 610.00 | 142 235.00 | 144 086.00 | 145 953.00 | 144 994.00 |
Balance sheet total (assets) | 183 724.00 | 183 788.00 | 183 032.00 | 183 826.00 | 179 345.00 |
Net debt | 39 021.00 | 35 983.00 | 38 119.00 | 35 829.00 | 30 209.00 |
Profitability | |||||
EBIT-% | -11.3 % | 10.9 % | 20.3 % | 18.7 % | -23.3 % |
ROA | -0.5 % | 0.5 % | 1.2 % | 1.3 % | -0.1 % |
ROE | -0.8 % | 0.4 % | 1.3 % | 1.3 % | -0.7 % |
ROI | -0.5 % | 0.6 % | 1.2 % | 1.3 % | -0.1 % |
Economic value added (EVA) | -10 071.55 | -7 959.50 | -6 666.73 | -6 897.54 | -11 314.75 |
Solvency | |||||
Equity ratio | 77.1 % | 77.4 % | 78.7 % | 79.4 % | 80.8 % |
Gearing | 28.9 % | 27.8 % | 26.5 % | 24.5 % | 21.1 % |
Relative net indebtedness % | 465.4 % | 423.3 % | 364.7 % | 312.4 % | 300.7 % |
Liquidity | |||||
Quick ratio | 1.0 | 1.1 | 1.7 | 6.5 | 5.2 |
Current ratio | 1.0 | 1.1 | 1.7 | 6.5 | 5.3 |
Cash and cash equivalents | 1 863.00 | 3 488.00 | 19.00 | 382.00 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | 4.4 | 51.1 | 2.7 | 3.2 | |
Net working capital % | -0.3 % | 4.2 % | 21.0 % | 64.0 % | 49.5 % |
Credit risk | |||||
Credit rating | A | AAA | AAA | AA | A |
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