VARIG TEKNIK & MILJØ A/S — Credit Rating and Financial Key Figures

CVR number: 25615700
Varig Allé 1, 4180 Sorø
tel: 57612001

Credit rating

Company information

Official name
VARIG TEKNIK & MILJØ A/S
Personnel
26 persons
Established
2000
Company form
Limited company
Industry
  • Expand more icon28Manufacture of machinery and equipment n.e.c.

About VARIG TEKNIK & MILJØ A/S

VARIG TEKNIK & MILJØ A/S (CVR number: 25615700) is a company from SORØ. The company recorded a gross profit of 17.3 mDKK in 2023. The operating profit was 1720.3 kDKK, while net earnings were 1305.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.8 %, which can be considered decent but Return on Equity (ROE) was 14.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 38.5 %, 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. VARIG TEKNIK & MILJØ A/S's liquidity measured by quick ratio was 1.4 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit13 031.0011 951.0013 223.0017 115.6217 318.62
EBIT2 779.00709.00747.003 142.721 720.34
Net earnings2 148.00535.00573.002 408.241 305.86
Shareholders equity total5 310.005 845.006 118.008 526.529 832.37
Balance sheet total (assets)14 682.0016 191.0022 506.0021 352.3425 514.72
Net debt529.41-3 327.04
Profitability
EBIT-%
ROA18.2 %4.6 %3.9 %14.4 %7.8 %
ROE39.9 %9.6 %9.6 %32.9 %14.2 %
ROI26.7 %4.6 %3.9 %18.0 %12.8 %
Economic value added (EVA)2 543.73442.17453.292 136.941 054.36
Solvency
Equity ratio100.0 %100.0 %100.0 %40.5 %38.5 %
Gearing31.2 %11.3 %
Relative net indebtedness %
Liquidity
Quick ratio1.31.4
Current ratio1.61.7
Cash and cash equivalents2 130.624 433.44
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBAAAAA

Variable visualization

ROA:7.79%
Rating: 51/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:38.5%
Rating: 32/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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