WÜRTH DANMARK A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About WÜRTH DANMARK A/S
WÜRTH DANMARK A/S (CVR number: 12561113) is a company from KOLDING. The company reported a net sales of 1156.5 mDKK in 2023, demonstrating a growth of 3.6 % compared to the previous year. The operating profit percentage was at 5.4 % (EBIT: 62.3 mDKK), while net earnings were 47.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 13.7 %, which can be considered good but Return on Equity (ROE) was 18.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 60.3 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. WÜRTH DANMARK A/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 813.74 | 915.93 | 1 014.12 | 1 116.70 | 1 156.54 |
Gross profit | 322.79 | 360.50 | 417.74 | 459.08 | 475.63 |
EBIT | 7.70 | 20.21 | 39.85 | 53.10 | 62.33 |
Net earnings | 4.39 | 15.15 | 28.90 | 39.18 | 47.36 |
Shareholders equity total | 168.52 | 183.67 | 198.30 | 237.48 | 284.84 |
Balance sheet total (assets) | 385.80 | 428.37 | 437.28 | 461.21 | 472.49 |
Net debt | 72.69 | 115.82 | 82.13 | 63.45 | 64.16 |
Profitability | |||||
EBIT-% | 0.9 % | 2.2 % | 3.9 % | 4.8 % | 5.4 % |
ROA | 2.4 % | 5.1 % | 9.3 % | 12.0 % | 13.7 % |
ROE | 2.6 % | 8.6 % | 15.1 % | 18.0 % | 18.1 % |
ROI | 3.1 % | 6.3 % | 12.1 % | 16.1 % | 17.0 % |
Economic value added (EVA) | -2.72 | 7.40 | 21.33 | 30.98 | 36.69 |
Solvency | |||||
Equity ratio | 43.7 % | 42.9 % | 45.3 % | 51.5 % | 60.3 % |
Gearing | 43.2 % | 63.6 % | 41.6 % | 27.4 % | 22.6 % |
Relative net indebtedness % | 26.0 % | 25.8 % | 22.8 % | 19.2 % | 15.3 % |
Liquidity | |||||
Quick ratio | 1.0 | 1.0 | 0.9 | 1.0 | 1.3 |
Current ratio | 1.6 | 1.5 | 1.6 | 1.8 | 2.3 |
Cash and cash equivalents | 0.18 | 0.92 | 0.40 | 1.56 | 0.32 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 40.0 | 37.4 | 40.1 | 44.0 | 34.3 |
Net working capital % | 11.4 % | 10.6 % | 10.9 % | 13.3 % | 14.8 % |
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AAA | AA |
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