VoltNordic ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About VoltNordic ApS
VoltNordic ApS (CVR number: 40262350) is a company from HELSINGØR. The company reported a net sales of 0.8 mDKK in 2023, demonstrating a decline of -27.2 % compared to the previous year. The operating profit percentage was poor at -18.5 % (EBIT: -0.2 mDKK), while net earnings were -156.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -47.2 %, which can be considered poor and Return on Equity (ROE) was -111.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 20.6 %, 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. VoltNordic ApS's liquidity measured by quick ratio was 1.3 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 142.70 | 198.44 | 476.71 | 1 156.77 | 842.09 |
Gross profit | 94.42 | 110.57 | 335.10 | 776.10 | 432.18 |
EBIT | 75.80 | 96.60 | 22.79 | 201.27 | - 156.10 |
Net earnings | 59.12 | 75.35 | 17.78 | 156.99 | - 156.10 |
Shareholders equity total | 62.34 | 110.08 | 107.86 | 230.33 | 49.19 |
Balance sheet total (assets) | 72.08 | 137.27 | 195.00 | 422.51 | 238.38 |
Net debt | -15.76 | -95.36 | - 146.59 | - 360.60 | - 222.30 |
Profitability | |||||
EBIT-% | 53.1 % | 48.7 % | 4.8 % | 17.4 % | -18.5 % |
ROA | 105.2 % | 92.3 % | 13.7 % | 65.2 % | -47.2 % |
ROE | 94.8 % | 87.4 % | 16.3 % | 92.8 % | -111.7 % |
ROI | 121.6 % | 112.1 % | 20.9 % | 119.0 % | -111.7 % |
Economic value added (EVA) | 59.12 | 73.02 | 20.01 | 161.45 | - 147.88 |
Solvency | |||||
Equity ratio | 86.5 % | 80.2 % | 55.3 % | 54.5 % | 20.6 % |
Gearing | |||||
Relative net indebtedness % | -4.2 % | -34.4 % | -12.5 % | -14.6 % | -3.9 % |
Liquidity | |||||
Quick ratio | 1.7 | 3.5 | 1.9 | 2.1 | 1.3 |
Current ratio | 1.7 | 3.5 | 1.9 | 2.1 | 1.3 |
Cash and cash equivalents | 15.76 | 95.36 | 146.59 | 360.60 | 222.30 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 9.9 | ||||
Net working capital % | 4.5 % | 34.4 % | 16.0 % | 17.9 % | 5.8 % |
Credit risk | |||||
Credit rating | B | BB | BB | BB | BB |
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