Ørsted Horns Rev I A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Ørsted Horns Rev I A/S
Ørsted Horns Rev I A/S (CVR number: 31164192) is a company from FREDERICIA. The company reported a net sales of 103 mDKK in 2024, demonstrating a decline of -23.1 % compared to the previous year. The operating profit percentage was at 56.8 % (EBIT: 58.5 mDKK), while net earnings were 51.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 13.4 %, which can be considered good but Return on Equity (ROE) was 22.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 29.4 %, 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. Ørsted Horns Rev I A/S's liquidity measured by quick ratio was 17.1 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 49.41 | 126.54 | 297.02 | 133.97 | 102.97 |
Gross profit | 7.09 | 83.17 | 244.63 | 57.89 | 74.63 |
EBIT | -27.81 | 73.83 | 228.14 | 51.74 | 58.48 |
Net earnings | -27.15 | 52.34 | 170.85 | 45.57 | 51.37 |
Shareholders equity total | 31.95 | 84.28 | 255.14 | 200.70 | 252.07 |
Balance sheet total (assets) | 234.12 | 302.90 | 650.64 | 535.93 | 568.88 |
Net debt | 2.78 | 7.37 | 1.99 | 0.19 | 0.27 |
Profitability | |||||
EBIT-% | -56.3 % | 58.3 % | 76.8 % | 38.6 % | 56.8 % |
ROA | -11.6 % | 27.5 % | 48.2 % | 11.4 % | 13.4 % |
ROE | -59.6 % | 90.1 % | 100.7 % | 20.0 % | 22.7 % |
ROI | -12.2 % | 30.7 % | 56.0 % | 13.0 % | 14.4 % |
Economic value added (EVA) | -33.75 | 46.64 | 164.60 | 12.43 | 21.28 |
Solvency | |||||
Equity ratio | 13.6 % | 27.8 % | 26.9 % | 24.5 % | 29.4 % |
Gearing | 8.7 % | 8.7 % | 0.8 % | 0.1 % | 0.1 % |
Relative net indebtedness % | 39.1 % | 36.5 % | 133.2 % | 250.2 % | 307.7 % |
Liquidity | |||||
Quick ratio | 10.4 | 6.4 | 5.6 | 9.1 | 17.1 |
Current ratio | 10.4 | 6.4 | 5.6 | 9.1 | 17.1 |
Cash and cash equivalents | |||||
Capital use efficiency | |||||
Trade debtors turnover (days) | 103.7 | 27.8 | 41.7 | 26.0 | |
Net working capital % | 366.3 % | 196.6 % | 150.0 % | 302.7 % | 454.5 % |
Credit risk | |||||
Credit rating | BBB | A | A | AA | AA |
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