Virtus Technology ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Virtus Technology ApS
Virtus Technology ApS (CVR number: 41476230) is a company from FAXE. The company recorded a gross profit of -537.1 kDKK in 2023. The operating profit was -537.1 kDKK, while net earnings were -537.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -40.2 %, which can be considered poor and Return on Equity (ROE) was -1294.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -43.8 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Virtus Technology ApS's liquidity measured by quick ratio was 2.3 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 | |
---|---|---|---|---|
Volume | ||||
Net sales | ||||
Gross profit | - 138.92 | - 558.52 | - 367.90 | - 537.11 |
EBIT | - 138.92 | - 558.52 | - 367.90 | - 537.11 |
Net earnings | - 139.23 | - 559.47 | - 368.54 | - 537.31 |
Shareholders equity total | -99.23 | - 658.70 | -1 027.23 | -1 564.54 |
Balance sheet total (assets) | 198.94 | 70.89 | 32.35 | 50.64 |
Net debt | 83.02 | 659.61 | 1 027.41 | 1 539.11 |
Profitability | ||||
EBIT-% | ||||
ROA | -46.6 % | -108.7 % | -41.1 % | -40.2 % |
ROE | -70.0 % | -414.7 % | -714.0 % | -1294.9 % |
ROI | -55.9 % | -114.9 % | -41.4 % | -40.9 % |
Economic value added (EVA) | - 138.92 | - 546.89 | - 333.08 | - 485.66 |
Solvency | ||||
Equity ratio | 58.4 % | 44.2 % | -18.3 % | -43.8 % |
Gearing | -250.6 % | -109.8 % | -102.5 % | -100.4 % |
Relative net indebtedness % | ||||
Liquidity | ||||
Quick ratio | 4.0 | 6.9 | 3.2 | 2.3 |
Current ratio | 4.0 | 6.9 | 3.2 | 2.3 |
Cash and cash equivalents | 165.64 | 63.72 | 25.93 | 31.36 |
Capital use efficiency | ||||
Trade debtors turnover (days) | ||||
Net working capital % | ||||
Credit risk | ||||
Credit rating | B | B | B | B |
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