VÆRFTET A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VÆRFTET A/S
VÆRFTET A/S (CVR number: 10033969) is a company from THISTED. The company recorded a gross profit of 674.8 kDKK in 2023. The operating profit was -136 kDKK, while net earnings were -76.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.8 %, which can be considered poor and Return on Equity (ROE) was -2.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 77.8 %, 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. VÆRFTET A/S's liquidity measured by quick ratio was 4.1 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 | 1 322.92 | 1 046.21 | 244.75 | 1 563.06 | 674.83 |
EBIT | 215.46 | 8.40 | - 620.86 | 857.38 | - 135.98 |
Net earnings | 227.89 | 49.94 | - 451.82 | 698.56 | -76.33 |
Shareholders equity total | 3 068.64 | 3 118.58 | 2 666.76 | 3 365.31 | 3 288.98 |
Balance sheet total (assets) | 4 478.51 | 3 897.01 | 2 988.42 | 4 017.61 | 4 243.02 |
Net debt | - 865.96 | -1 875.88 | - 624.93 | -1 133.71 | -2 789.76 |
Profitability | |||||
EBIT-% | |||||
ROA | 6.8 % | 1.9 % | -16.3 % | 25.9 % | -1.8 % |
ROE | 7.7 % | 1.6 % | -15.6 % | 23.2 % | -2.3 % |
ROI | 10.3 % | 2.5 % | -18.7 % | 29.6 % | -2.3 % |
Economic value added (EVA) | 39.06 | - 102.30 | - 545.82 | 568.76 | - 218.05 |
Solvency | |||||
Equity ratio | 68.5 % | 80.0 % | 89.2 % | 83.8 % | 77.8 % |
Gearing | 1.2 % | 1.4 % | 1.9 % | 0.4 % | 0.3 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.8 | 4.9 | 7.3 | 5.9 | 4.1 |
Current ratio | 3.1 | 5.5 | 8.6 | 6.2 | 4.2 |
Cash and cash equivalents | 902.26 | 1 919.94 | 676.16 | 1 147.65 | 2 799.94 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | BBB | BBB | A | BBB |
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