VESTAS ASIA PACIFIC A/S — Credit Rating and Financial Key Figures

CVR number: 21109304
Hedeager 42, 8200 Aarhus N

Credit rating

Company information

Official name
VESTAS ASIA PACIFIC A/S
Established
1998
Company form
Limited company
Industry
  • Expand more icon82Office administrative, office support and other business support activities

About VESTAS ASIA PACIFIC A/S

VESTAS ASIA PACIFIC A/S (CVR number: 21109304) is a company from AARHUS. The company reported a net sales of 1072.7 mDKK in 2023, demonstrating a decline of -52.8 % compared to the previous year. The operating profit percentage was poor at -3.4 % (EBIT: -36 mDKK), while net earnings were 144.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 18.9 %, which can be considered excellent and Return on Equity (ROE) was 20.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 58.4 %, 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. VESTAS ASIA PACIFIC 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

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales1 485.002 448.006 120.002 274.841 072.72
Gross profit14.00-22.0073.00-16.65-34.89
EBIT14.00-22.0073.00-21.46-36.03
Net earnings2.00188.00-8.00-1.57144.57
Shareholders equity total423.00627.00668.00637.12755.50
Balance sheet total (assets)1 555.002 889.001 954.001 542.891 386.99
Net debt4.59162.00
Profitability
EBIT-%0.9 %-0.9 %1.2 %-0.9 %-3.4 %
ROA0.8 %-1.0 %3.0 %5.0 %18.9 %
ROE0.3 %35.8 %-1.2 %-0.2 %20.8 %
ROI0.9 %-1.0 %3.0 %6.7 %33.6 %
Economic value added (EVA)42.96-43.2641.49-48.81-38.37
Solvency
Equity ratio100.0 %100.0 %100.0 %45.9 %58.4 %
Gearing0.9 %21.6 %
Relative net indebtedness %38.1 %54.5 %
Liquidity
Quick ratio1.21.7
Current ratio1.41.8
Cash and cash equivalents0.910.86
Capital use efficiency
Trade debtors turnover (days)10.88.1
Net working capital %13.8 %41.7 %
Credit risk
Credit ratingBBBBBBBBBBBBA

Variable visualization

ROA:18.9%
Rating: 72/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:58.4%
Rating: 45/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

Companies in the same industry

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