VING-FOREL ApS
Credit rating
Company information
About VING-FOREL ApS
VING-FOREL ApS (CVR number: 22050613) is a company from VEJLE. The company recorded a gross profit of -102.4 kDKK in 2023. The operating profit was -463.7 kDKK, while net earnings were -458 kDKK. The profitability of the company measured by Return on Assets (ROA) was -8.9 %, which can be considered poor and Return on Equity (ROE) was -26 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 32.9 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. VING-FOREL ApS's liquidity measured by quick ratio was 2.7 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 2 857.65 | 100.49 | 36.43 | - 140.75 | - 102.44 |
EBIT | 2 464.28 | - 439.47 | - 528.68 | - 508.31 | - 463.72 |
Net earnings | 1 998.09 | - 430.31 | - 486.82 | - 526.63 | - 457.99 |
Shareholders equity total | 3 433.95 | 3 003.64 | 2 516.82 | 1 990.20 | 1 532.20 |
Balance sheet total (assets) | 6 651.44 | 6 375.13 | 5 674.52 | 5 069.26 | 4 657.27 |
Net debt | -2 114.82 | -1 893.82 | -1 351.08 | - 905.85 | - 656.78 |
Profitability | |||||
EBIT-% | |||||
ROA | 38.4 % | -6.4 % | -7.9 % | -9.4 % | -8.9 % |
ROE | 82.1 % | -13.4 % | -17.6 % | -23.4 % | -26.0 % |
ROI | 40.0 % | -6.7 % | -8.2 % | -9.8 % | -9.4 % |
Economic value added (EVA) | 1 966.31 | - 505.75 | - 584.45 | - 566.89 | - 518.21 |
Solvency | |||||
Equity ratio | 51.6 % | 47.1 % | 44.4 % | 39.3 % | 32.9 % |
Gearing | |||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 9.3 | 5.0 | 9.5 | 4.7 | 2.7 |
Current ratio | 9.5 | 5.1 | 9.5 | 4.7 | 2.7 |
Cash and cash equivalents | 2 114.82 | 1 893.82 | 1 351.08 | 905.85 | 656.78 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | BBB | BBB | BBB | BBB |
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