VARIAN MEDICAL SYSTEMS SCANDINAVIA A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VARIAN MEDICAL SYSTEMS SCANDINAVIA A/S
VARIAN MEDICAL SYSTEMS SCANDINAVIA A/S (CVR number: 29476012) is a company from BALLERUP. The company reported a net sales of 287.7 mDKK in 2022, demonstrating a growth of 14.6 % compared to the previous year. The operating profit percentage was at 4.7 % (EBIT: 13.5 mDKK), while net earnings were 13.4 mDKK. 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 28.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 20.1 %, 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. VARIAN MEDICAL SYSTEMS SCANDINAVIA A/S's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 354.29 | 369.71 | 318.70 | 250.95 | 287.65 |
Gross profit | 50.29 | 61.92 | 67.37 | 53.12 | 38.41 |
EBIT | 21.72 | 27.17 | 36.66 | 27.81 | 13.48 |
Net earnings | 16.02 | 23.42 | 28.39 | 22.01 | 13.39 |
Shareholders equity total | 53.70 | 32.62 | 44.27 | 50.93 | 41.72 |
Balance sheet total (assets) | 388.54 | 373.51 | 259.76 | 224.97 | 207.36 |
Net debt | 104.69 | -20.74 | 33.08 | -59.26 | -45.07 |
Profitability | |||||
EBIT-% | 6.1 % | 7.3 % | 11.5 % | 11.1 % | 4.7 % |
ROA | 6.7 % | 7.9 % | 11.8 % | 12.0 % | 8.4 % |
ROE | 29.4 % | 54.3 % | 73.8 % | 46.2 % | 28.9 % |
ROI | 10.3 % | 13.5 % | 19.2 % | 22.9 % | 18.8 % |
Economic value added (EVA) | 18.11 | 20.66 | 37.41 | 22.65 | 12.47 |
Solvency | |||||
Equity ratio | 13.8 % | 8.7 % | 17.0 % | 22.6 % | 20.1 % |
Gearing | 275.8 % | 564.9 % | 233.7 % | 75.4 % | 117.8 % |
Relative net indebtedness % | 79.0 % | 32.3 % | 42.7 % | 27.6 % | 22.7 % |
Liquidity | |||||
Quick ratio | 1.0 | 1.0 | 1.1 | 1.4 | 1.2 |
Current ratio | 1.2 | 1.1 | 1.3 | 1.5 | 1.4 |
Cash and cash equivalents | 43.39 | 204.99 | 70.36 | 97.68 | 94.19 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 70.2 | 13.2 | 64.1 | 120.8 | 86.3 |
Net working capital % | 17.9 % | 12.8 % | 17.7 % | 31.3 % | 21.0 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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