VARO SPECIALMASKINER A/S
Credit rating
Company information
About VARO SPECIALMASKINER A/S
VARO SPECIALMASKINER A/S (CVR number: 20043830K) is a company from SYDDJURS. The company recorded a gross profit of 48.1 mDKK in 2023. The operating profit was -636 kDKK, while net earnings were -908 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.3 %, which can be considered poor and Return on Equity (ROE) was -3.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 43.3 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. VARO SPECIALMASKINER 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 60 101.00 | 52 038.00 | 43 622.00 | 46 692.00 | 48 139.21 |
EBIT | 7 999.00 | 2 779.00 | 293.00 | 1 016.00 | - 635.99 |
Net earnings | 5 860.00 | 917.00 | 582.00 | 1 154.00 | - 908.04 |
Shareholders equity total | 27 722.00 | 27 637.00 | 28 221.00 | 29 267.00 | 28 358.35 |
Balance sheet total (assets) | 71 708.00 | 62 623.00 | 63 939.00 | 58 799.00 | 78 257.75 |
Net debt | 8 359.00 | 5 531.00 | - 981.00 | 3 878.00 | 15 507.84 |
Profitability | |||||
EBIT-% | |||||
ROA | 12.8 % | 4.4 % | 1.7 % | 2.9 % | -0.3 % |
ROE | 23.6 % | 3.3 % | 2.1 % | 4.0 % | -3.2 % |
ROI | 22.2 % | 6.7 % | 2.4 % | 4.3 % | -0.5 % |
Economic value added (EVA) | 5 255.23 | 1 337.56 | - 694.09 | 317.72 | -1 507.81 |
Solvency | |||||
Equity ratio | 48.2 % | 56.3 % | 51.8 % | 55.1 % | 43.3 % |
Gearing | 31.8 % | 24.8 % | 16.6 % | 14.6 % | 55.7 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.8 | 2.7 | 2.1 | 1.9 | 1.4 |
Current ratio | 1.6 | 1.9 | 1.7 | 2.0 | 1.4 |
Cash and cash equivalents | 449.00 | 1 323.00 | 5 665.00 | 391.00 | 276.83 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | AA | AA | AA | A |
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