VITFOSS CHINA HOLDING A/S — Credit Rating and Financial Key Figures

CVR number: 35802614
Ballesvej 2, Snoghøj 7000 Fredericia

Company information

Official name
VITFOSS CHINA HOLDING A/S
Established
2014
Domicile
Snoghøj
Company form
Limited company
Industry

About VITFOSS CHINA HOLDING A/S

VITFOSS CHINA HOLDING A/S (CVR number: 35802614) is a company from FREDERICIA. The company recorded a gross profit of 0 kDKK in 2023. The operating profit was -35 kDKK, while net earnings were -3055 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4.7 %, which can be considered poor and Return on Equity (ROE) was -4.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 99.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. VITFOSS CHINA HOLDING A/S's liquidity measured by quick ratio was 0.3 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 profit
EBIT- 545.00-16.00-66.00-52.00-35.00
Net earnings-10 109.00-4 219.00-3 835.00-6 009.00-3 055.00
Shareholders equity total88 123.0082 068.0079 343.0068 836.0061 848.00
Balance sheet total (assets)88 177.0082 098.0079 373.0068 873.0061 895.00
Net debt-1 382.00-5 976.00-68.00-29.00-5.00
Profitability
EBIT-%
ROA-11.0 %-4.9 %-4.7 %-8.1 %-4.7 %
ROE-10.9 %-5.0 %-4.8 %-8.1 %-4.7 %
ROI-11.0 %-4.9 %-4.7 %-8.1 %-4.7 %
Economic value added (EVA)- 425.33-16.96-56.95-40.85-27.47
Solvency
Equity ratio99.9 %100.0 %100.0 %99.9 %99.9 %
Gearing0.0 %
Relative net indebtedness %
Liquidity
Quick ratio25.6199.22.30.80.3
Current ratio25.6199.22.30.80.3
Cash and cash equivalents1 382.005 976.0068.0029.0015.00
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAABBBA

Variable visualization

ROA:-4.68%
Rating: 15/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:99.9%
Rating: 99/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member

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