Ørsted Horns Rev I A/S — Credit Rating and Financial Key Figures

CVR number: 31164192
Kraftværksvej 53, Skærbæk 7000 Fredericia

Company information

Official name
Ørsted Horns Rev I A/S
Established
2007
Domicile
Skærbæk
Company form
Limited company
Industry

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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales49.41126.54297.02133.97102.97
Gross profit7.0983.17244.6357.8974.63
EBIT-27.8173.83228.1451.7458.48
Net earnings-27.1552.34170.8545.5751.37
Shareholders equity total31.9584.28255.14200.70252.07
Balance sheet total (assets)234.12302.90650.64535.93568.88
Net debt2.787.371.990.190.27
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)-33.7546.64164.6012.4321.28
Solvency
Equity ratio13.6 %27.8 %26.9 %24.5 %29.4 %
Gearing8.7 %8.7 %0.8 %0.1 %0.1 %
Relative net indebtedness %39.1 %36.5 %133.2 %250.2 %307.7 %
Liquidity
Quick ratio10.46.45.69.117.1
Current ratio10.46.45.69.117.1
Cash and cash equivalents
Capital use efficiency
Trade debtors turnover (days)103.727.841.726.0
Net working capital %366.3 %196.6 %150.0 %302.7 %454.5 %
Credit risk
Credit ratingBBBAAAAAA

Variable visualization

ROA:13.4%
Rating: 64/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:29.4%
Rating: 26/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board

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