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

CVR number: 21109304
Hedeager 42, 8200 Aarhus N
Free credit report Annual report

Company information

Official name
VESTAS ASIA PACIFIC A/S
Established
1998
Company form
Limited company
Industry

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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales2 448.006 120.002 275.001 072.721 003.73
Gross profit-22.0073.00-17.00-34.89-4.08
EBIT-22.0073.00-17.00-36.03-3.96
Net earnings188.00-8.00-2.00144.5763.40
Shareholders equity total627.00668.00637.00755.50860.16
Balance sheet total (assets)2 889.001 954.001 543.001 386.991 227.24
Net debt162.0023.28
Profitability
EBIT-%-0.9 %1.2 %-0.7 %-3.4 %-0.4 %
ROA-1.0 %3.0 %-1.0 %15.9 %15.6 %
ROE35.8 %-1.2 %-0.3 %20.8 %7.8 %
ROI-1.0 %3.0 %-1.0 %18.6 %21.6 %
Economic value added (EVA)-43.2641.49-50.57-57.59-51.29
Solvency
Equity ratio100.0 %100.0 %100.0 %58.4 %70.1 %
Gearing21.6 %2.8 %
Relative net indebtedness %54.5 %32.4 %
Liquidity
Quick ratio1.72.0
Current ratio1.82.6
Cash and cash equivalents0.860.86
Capital use efficiency
Trade debtors turnover (days)8.16.8
Net working capital %41.7 %53.5 %
Credit risk
Credit ratingBBBBBBBBBAA

Variable visualization

ROA:15.6%
Rating: 67/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:70.1%
Rating: 53/100
-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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