VARNÆSVEJ 599 ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About VARNÆSVEJ 599 ApS
VARNÆSVEJ 599 ApS (CVR number: 27397344) is a company from AABENRAA. The company recorded a gross profit of 522.7 kDKK in 2024. The operating profit was -117.3 kDKK, while net earnings were -95.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -20 %, which can be considered poor and Return on Equity (ROE) was -25.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 64.3 %, 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. VARNÆSVEJ 599 ApS's liquidity measured by quick ratio was 2.1 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 1 009.63 | 719.99 | 753.31 | 651.19 | 522.75 |
| EBIT | 95.62 | 118.07 | 196.62 | 66.01 | - 117.25 |
| Net earnings | 71.33 | 78.66 | 147.10 | 42.99 | -95.81 |
| Shareholders equity total | 155.46 | 234.12 | 381.22 | 424.21 | 328.40 |
| Balance sheet total (assets) | 681.21 | 346.23 | 523.18 | 658.79 | 510.39 |
| Net debt | -76.94 | - 120.81 | - 138.73 | - 295.33 | - 200.94 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 20.0 % | 23.0 % | 45.3 % | 11.2 % | -20.0 % |
| ROE | 59.5 % | 40.4 % | 47.8 % | 10.7 % | -25.5 % |
| ROI | 35.4 % | 33.9 % | 59.7 % | 14.7 % | -27.9 % |
| Economic value added (EVA) | 69.58 | 61.96 | 136.12 | 24.71 | - 117.34 |
| Solvency | |||||
| Equity ratio | 22.8 % | 67.6 % | 72.9 % | 64.4 % | 64.3 % |
| Gearing | 193.6 % | 2.6 % | 10.4 % | 13.7 % | 8.6 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.1 | 2.0 | 2.6 | 2.0 | 2.1 |
| Current ratio | 1.3 | 3.1 | 3.7 | 2.8 | 2.8 |
| Cash and cash equivalents | 377.99 | 126.81 | 178.20 | 353.53 | 229.08 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BB | BBB | BBB | BBB |
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