VESTAS ASIA PACIFIC A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 1003.7 mDKK in 2024, demonstrating a decline of -6.4 % compared to the previous year. The operating profit percentage was poor at -0.4 % (EBIT: -4 mDKK), while net earnings were 63.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 15.6 %, which can be considered excellent but Return on Equity (ROE) was 7.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 70.1 %, 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. VESTAS ASIA PACIFIC A/S's liquidity measured by quick ratio was 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 2 448.00 | 6 120.00 | 2 275.00 | 1 072.72 | 1 003.73 |
Gross profit | -22.00 | 73.00 | -17.00 | -34.89 | -4.08 |
EBIT | -22.00 | 73.00 | -17.00 | -36.03 | -3.96 |
Net earnings | 188.00 | -8.00 | -2.00 | 144.57 | 63.40 |
Shareholders equity total | 627.00 | 668.00 | 637.00 | 755.50 | 860.16 |
Balance sheet total (assets) | 2 889.00 | 1 954.00 | 1 543.00 | 1 386.99 | 1 227.24 |
Net debt | 162.00 | 23.28 | |||
Profitability | |||||
EBIT-% | -0.9 % | 1.2 % | -0.7 % | -3.4 % | -0.4 % |
ROA | -1.0 % | 3.0 % | -1.0 % | 15.9 % | 15.6 % |
ROE | 35.8 % | -1.2 % | -0.3 % | 20.8 % | 7.8 % |
ROI | -1.0 % | 3.0 % | -1.0 % | 18.6 % | 21.6 % |
Economic value added (EVA) | -43.26 | 41.49 | -50.57 | -57.59 | -51.29 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 58.4 % | 70.1 % |
Gearing | 21.6 % | 2.8 % | |||
Relative net indebtedness % | 54.5 % | 32.4 % | |||
Liquidity | |||||
Quick ratio | 1.7 | 2.0 | |||
Current ratio | 1.8 | 2.6 | |||
Cash and cash equivalents | 0.86 | 0.86 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 8.1 | 6.8 | |||
Net working capital % | 41.7 % | 53.5 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | A |
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