VPK PACKAGING A/S
Credit rating
Company information
About VPK PACKAGING A/S
VPK PACKAGING A/S (CVR number: 41539518) is a company from RANDERS. The company reported a net sales of 224.2 mDKK in 2023, demonstrating a decline of -16.4 % compared to the previous year. The operating profit percentage was poor at -4.6 % (EBIT: -10.3 mDKK), while net earnings were -15 mDKK. The profitability of the company measured by Return on Assets (ROA) was -7.4 %, which can be considered poor and Return on Equity (ROE) was -46.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 26.6 %, 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. VPK PACKAGING A/S's liquidity measured by quick ratio was 1.7 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 246.53 | 262.69 | 240.06 | 268.26 | 224.19 |
Gross profit | 40.87 | 45.85 | 29.96 | 26.79 | 42.66 |
EBIT | -31.97 | -11.82 | -16.72 | -28.59 | -10.30 |
Net earnings | -42.75 | -13.33 | -17.72 | -29.57 | -14.97 |
Shareholders equity total | 35.42 | 22.10 | 54.38 | 24.80 | 39.84 |
Balance sheet total (assets) | 150.38 | 129.63 | 125.20 | 127.43 | 149.52 |
Net debt | 84.46 | 74.13 | 54.42 | 79.95 | 86.71 |
Profitability | |||||
EBIT-% | -13.0 % | -4.5 % | -7.0 % | -10.7 % | -4.6 % |
ROA | -16.6 % | -8.4 % | -13.1 % | -22.5 % | -7.4 % |
ROE | -75.3 % | -46.3 % | -46.3 % | -74.7 % | -46.3 % |
ROI | -19.6 % | -10.6 % | -16.0 % | -26.2 % | -8.8 % |
Economic value added (EVA) | -43.07 | -12.22 | -16.70 | -30.29 | -10.84 |
Solvency | |||||
Equity ratio | 23.6 % | 17.0 % | 43.4 % | 19.5 % | 26.6 % |
Gearing | 238.5 % | 335.5 % | 100.1 % | 322.4 % | 217.7 % |
Relative net indebtedness % | 45.7 % | 40.2 % | 28.8 % | 37.6 % | 48.4 % |
Liquidity | |||||
Quick ratio | 0.5 | 0.2 | 0.2 | 0.3 | 1.7 |
Current ratio | 1.1 | 0.4 | 0.5 | 1.1 | 2.3 |
Cash and cash equivalents | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 8.4 | 11.3 | 5.0 | 6.2 | 5.0 |
Net working capital % | 1.4 % | -15.2 % | -14.1 % | 0.9 % | 16.0 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BB | BBB |
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