FINANSIERINGSSELSKABET AF 27/12 1995. VARDE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FINANSIERINGSSELSKABET AF 27/12 1995. VARDE A/S
FINANSIERINGSSELSKABET AF 27/12 1995. VARDE A/S (CVR number: 80146914) is a company from ESBJERG. The company recorded a gross profit of -43.1 kDKK in 2022. The operating profit was -405.8 kDKK, while net earnings were 3788.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.4 %, which can be considered good but Return on Equity (ROE) was 6.6 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 99.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FINANSIERINGSSELSKABET AF 27/12 1995. VARDE A/S's liquidity measured by quick ratio was 228 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 financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -37.47 | -39.57 | -41.37 | -46.14 | -43.07 |
EBIT | - 400.34 | - 402.01 | - 393.08 | - 408.76 | - 405.76 |
Net earnings | 1 457.32 | 135.92 | 7 046.24 | -2 554.27 | 3 788.13 |
Shareholders equity total | 51 255.82 | 51 337.74 | 58 328.68 | 55 717.90 | 59 448.84 |
Balance sheet total (assets) | 51 380.20 | 51 486.45 | 60 329.96 | 55 762.66 | 59 710.76 |
Net debt | -51 364.07 | -51 358.62 | -60 144.19 | -54 736.85 | -59 278.39 |
Profitability | |||||
EBIT-% | |||||
ROA | 3.7 % | 0.5 % | 16.2 % | 1.5 % | 8.4 % |
ROE | 2.9 % | 0.3 % | 12.9 % | -4.5 % | 6.6 % |
ROI | 3.7 % | 0.5 % | 16.5 % | 1.6 % | 8.4 % |
Economic value added (EVA) | - 320.19 | - 308.54 | - 304.40 | - 224.49 | - 365.75 |
Solvency | |||||
Equity ratio | 99.8 % | 99.7 % | 96.7 % | 99.9 % | 99.6 % |
Gearing | 0.0 % | 0.1 % | 0.1 % | ||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 413.1 | 346.2 | 30.1 | 1 246.0 | 228.0 |
Current ratio | 413.1 | 346.2 | 30.1 | 1 246.0 | 228.0 |
Cash and cash equivalents | 51 364.07 | 51 381.40 | 60 206.91 | 54 736.85 | 59 322.61 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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