SØRENSEN VARDE ApS

CVR number: 34621403
Ådalsvænget 7, 6800 Varde
ejvind.sorensen@stofanet.dk
tel: 61481500

Credit rating

Company information

Official name
SØRENSEN VARDE ApS
Established
2012
Company form
Private limited company
Industry
  • Expand more icon01Crop and animal production, hunting and related service activities

About SØRENSEN VARDE ApS

SØRENSEN VARDE ApS (CVR number: 34621403) is a company from VARDE. The company recorded a gross profit of -153.2 kDKK in 2021. The operating profit was -170.7 kDKK, while net earnings were 56.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.4 %, which can be considered weak and Return on Equity (ROE) was 1.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at -19 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. SØRENSEN VARDE ApS's liquidity measured by quick ratio was 0.2 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
20172018201920202021
Volume
Net sales
Gross profit43.41-1.53-56.19- 122.46- 153.18
EBIT-32.566.57-93.98- 145.15- 170.71
Net earnings- 131.31- 102.40- 195.41- 234.0556.61
Shareholders equity total- 682.97- 785.36- 980.77-1 214.82-1 158.21
Balance sheet total (assets)3 850.334 431.584 454.134 472.194 947.05
Net debt4 408.495 099.805 261.755 469.714 847.30
Profitability
EBIT-%
ROA-0.7 %0.3 %-1.2 %-2.2 %2.4 %
ROE-3.4 %-2.5 %-4.4 %-5.2 %1.2 %
ROI-0.7 %0.3 %-1.2 %-2.2 %2.7 %
Economic value added (EVA)-74.59-29.24- 126.66- 157.17- 184.79
Solvency
Equity ratio-15.1 %-15.1 %-18.0 %-21.4 %-19.0 %
Gearing-660.8 %-657.5 %-537.7 %-450.7 %-458.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.00.10.10.10.2
Current ratio0.10.20.10.10.2
Cash and cash equivalents104.4364.2812.254.92464.91
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:2.43%
Rating: 32/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-19.0%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Companies in the same industry

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