VARANO MUSIC HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 28670796
Guldbergsgade 8, 2200 København N

Company information

Official name
VARANO MUSIC HOLDING ApS
Established
2006
Company form
Private limited company
Industry

About VARANO MUSIC HOLDING ApS

VARANO MUSIC HOLDING ApS (CVR number: 28670796) is a company from KØBENHAVN. The company recorded a gross profit of 170.7 kDKK in 2023. The operating profit was 170.7 kDKK, while net earnings were 1257.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 24.6 %, which can be considered excellent and Return on Equity (ROE) was 46.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 44.9 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. VARANO MUSIC HOLDING ApS's liquidity measured by quick ratio was 0.2 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit158.8271.96114.95556.08170.67
EBIT154.6267.41114.95556.08170.67
Net earnings178.68359.05-21.78376.451 257.94
Shareholders equity total1 380.331 739.371 717.592 094.043 351.98
Balance sheet total (assets)3 987.264 557.544 770.015 365.527 462.03
Net debt2 453.102 760.602 982.283 030.182 756.38
Profitability
EBIT-%
ROA8.1 %11.1 %2.8 %12.6 %24.6 %
ROE13.8 %23.0 %-1.3 %19.8 %46.2 %
ROI8.4 %11.4 %2.8 %12.9 %27.7 %
Economic value added (EVA)180.0097.22122.88460.03136.80
Solvency
Equity ratio34.6 %38.2 %36.0 %39.0 %44.9 %
Gearing177.8 %160.4 %176.8 %146.1 %87.2 %
Relative net indebtedness %
Liquidity
Quick ratio1.00.40.30.10.2
Current ratio1.00.40.30.10.2
Cash and cash equivalents1.2329.9754.1228.26168.21
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBABBBAA

Variable visualization

ROA:24.6%
Rating: 80/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:44.9%
Rating: 36/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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