Credit rating
Company information
About the company
VEJEN RENSEANLÆG A/S (CVR number: 35244794) is a company from VEJEN. The company reported a net sales of 24.7 mDKK in 2023, demonstrating a growth of 21.8 % compared to the previous year. The operating profit percentage was poor at -115.4 % (EBIT: -28.5 mDKK), while net earnings were -18.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was -14.2 %, which can be considered poor and Return on Equity (ROE) was -14.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 62.5 %, 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. VEJEN RENSEANLÆG A/S's liquidity measured by quick ratio was 5.5 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 21 368.00 | 21 973.00 | 21 384.00 | 20 250.00 | 24 674.00 |
Gross profit | 14.00 | - 347.00 | -2 044.00 | -1 758.00 | -25 384.00 |
EBIT | -1 665.00 | -1 897.00 | -3 667.00 | -3 574.00 | -28 483.00 |
Net earnings | -1 714.00 | -1 871.00 | -3 077.00 | -3 015.00 | -18 177.00 |
Shareholders equity total | 176 772.00 | 174 901.00 | 171 824.00 | 145 666.00 | 110 903.00 |
Balance sheet total (assets) | 238 230.00 | 233 844.00 | 228 385.00 | 202 966.00 | 188 393.00 |
Net debt | 23 817.00 | 19 328.00 | 33 404.00 | 31 888.00 | 61 470.00 |
Profitability | |||||
EBIT-% | -7.8 % | -8.6 % | -17.1 % | -17.6 % | -115.4 % |
ROA | -0.7 % | -0.8 % | -1.5 % | -1.5 % | -14.2 % |
ROE | -1.0 % | -1.1 % | -1.8 % | -1.9 % | -14.2 % |
ROI | -0.7 % | -0.8 % | -1.5 % | -1.5 % | -14.2 % |
Economic value added (EVA) | -11 668.68 | -11 373.76 | -12 367.63 | -12 991.86 | -26 138.34 |
Solvency | |||||
Equity ratio | 74.2 % | 74.8 % | 75.2 % | 74.8 % | 62.5 % |
Gearing | 22.2 % | 21.5 % | 19.5 % | 21.9 % | 55.7 % |
Relative net indebtedness % | 124.5 % | 99.3 % | 180.5 % | 157.5 % | 246.6 % |
Liquidity | |||||
Quick ratio | 3.0 | 3.2 | 3.2 | 2.7 | 5.5 |
Current ratio | 3.1 | 3.3 | 3.2 | 2.8 | 5.6 |
Cash and cash equivalents | 15 495.00 | 18 289.00 | 54.00 | 276.00 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | 14.1 | 4.2 | 17.8 | 14.9 | 14.5 |
Net working capital % | 62.5 % | 68.9 % | 72.5 % | 24.4 % | 40.4 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BB |
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