VOLA A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About VOLA A/S
VOLA A/S (CVR number: 17531328) is a company from HORSENS. The company reported a net sales of 316.4 mDKK in 2023, demonstrating a decline of -13.2 % compared to the previous year. The operating profit percentage was at 3.5 % (EBIT: 11.2 mDKK), while net earnings were 9046.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.7 %, which can be considered decent and Return on Equity (ROE) was 6 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 76.6 %, 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. VOLA 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 316.34 | 324.21 | 364.40 | 364.73 | 316.44 |
Gross profit | 160.57 | 166.61 | 197.15 | 178.69 | 143.62 |
EBIT | 40.80 | 39.63 | 61.46 | 42.10 | 11.22 |
Net earnings | 32.05 | 30.76 | 47.62 | 32.73 | 9.05 |
Shareholders equity total | 111.93 | 132.69 | 160.32 | 153.05 | 147.09 |
Balance sheet total (assets) | 176.19 | 195.37 | 214.82 | 225.34 | 191.97 |
Net debt | -10.06 | -4.66 | |||
Profitability | |||||
EBIT-% | 12.9 % | 12.2 % | 16.9 % | 11.5 % | 3.5 % |
ROA | 25.1 % | 21.3 % | 30.0 % | 19.2 % | 5.7 % |
ROE | 30.3 % | 25.1 % | 32.5 % | 20.9 % | 6.0 % |
ROI | 29.4 % | 21.3 % | 30.0 % | 21.8 % | 7.1 % |
Economic value added (EVA) | 36.55 | 34.01 | 54.79 | 24.65 | 2.33 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 67.9 % | 76.6 % |
Gearing | 10.5 % | 7.4 % | |||
Relative net indebtedness % | 11.3 % | 8.0 % | |||
Liquidity | |||||
Quick ratio | 1.1 | 1.4 | |||
Current ratio | 2.0 | 2.5 | |||
Cash and cash equivalents | 26.09 | 15.56 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 29.8 | 23.1 | |||
Net working capital % | 18.1 % | 19.3 % | |||
Credit risk | |||||
Credit rating | A | A | BBB | AAA | AAA |
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