SK VARME A/S — Credit Rating and Financial Key Figures

CVR number: 27736904
Nordvej 6, 4200 Slagelse
kontakt@envafors.dk
tel: 58362501

Credit rating

Company information

Official name
SK VARME A/S
Established
2004
Company form
Limited company
Industry
  • Expand more icon35Electricity, gas, steam and air conditioning supply

About SK VARME A/S

SK VARME A/S (CVR number: 27736904) is a company from SLAGELSE. The company reported a net sales of 226.5 mDKK in 2023, demonstrating a decline of -7.8 % compared to the previous year. The operating profit percentage was at 17.3 % (EBIT: 39.2 mDKK), while net earnings were 30.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 5.2 %, which can be considered decent but Return on Equity (ROE) was 8.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 43.3 %, 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. SK VARME A/S's liquidity measured by quick ratio was 0.5 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

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales174.44176.99205.46245.58226.47
Gross profit58.3463.9781.95112.9490.79
EBIT25.0527.0044.9764.7739.16
Net earnings19.6018.6334.1639.3430.61
Shareholders equity total240.48259.10293.27332.61364.82
Balance sheet total (assets)706.87742.00776.72798.60919.98
Net debt201.64355.76
Profitability
EBIT-%14.4 %15.3 %21.9 %26.4 %17.3 %
ROA3.6 %3.7 %5.9 %8.8 %5.2 %
ROE8.5 %7.5 %12.4 %12.6 %8.8 %
ROI3.9 %3.7 %5.9 %9.0 %5.5 %
Economic value added (EVA)14.6114.9231.9531.6017.12
Solvency
Equity ratio100.0 %100.0 %100.0 %46.9 %43.3 %
Gearing90.8 %111.8 %
Relative net indebtedness %71.6 %148.5 %
Liquidity
Quick ratio1.80.5
Current ratio1.80.5
Cash and cash equivalents100.3352.16
Capital use efficiency
Trade debtors turnover (days)9.628.9
Net working capital %-15.6 %-49.5 %
Credit risk
Credit ratingAAAAAAAAA

Variable visualization

ROA:5.23%
Rating: 44/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:43.3%
Rating: 35/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member
Board member
Board member
Chief executive officer
Board member

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