VARO SPECIALMASKINER A/S
Credit rating
Company information
About VARO SPECIALMASKINER A/S
VARO SPECIALMASKINER A/S (CVR number: 20043830) is a company from SYDDJURS. The company recorded a gross profit of 42.4 mDKK in 2023. The operating profit was 64.7 kDKK, while net earnings were -908 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.2 %, 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 1.2 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 | 29 781.00 | 39 214.00 | 37 266.00 | 37 910.00 | 42 359.85 |
EBIT | -5 548.00 | 1 881.00 | 268.00 | - 461.00 | 64.67 |
Net earnings | 5 860.00 | 917.00 | 582.00 | 1 045.00 | - 908.04 |
Shareholders equity total | 27 722.00 | 27 639.00 | 28 221.00 | 29 267.00 | 28 358.35 |
Balance sheet total (assets) | 69 852.00 | 60 932.00 | 59 316.00 | 56 534.00 | 76 454.69 |
Net debt | 16 521.00 | 12 473.00 | 3 193.00 | 6 357.00 | 18 218.36 |
Profitability | |||||
EBIT-% | |||||
ROA | 7.6 % | 4.3 % | 1.8 % | 2.5 % | -0.2 % |
ROE | 23.6 % | 3.3 % | 2.1 % | 3.6 % | -3.2 % |
ROI | 10.0 % | 5.8 % | 2.3 % | 3.3 % | -0.3 % |
Economic value added (EVA) | -4 596.02 | 960.75 | - 440.47 | - 896.35 | - 664.20 |
Solvency | |||||
Equity ratio | 47.2 % | 54.7 % | 53.6 % | 56.6 % | 43.3 % |
Gearing | 60.4 % | 49.6 % | 29.8 % | 22.0 % | 64.6 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.0 | 1.4 | 1.6 | 1.5 | 1.2 |
Current ratio | 1.0 | 1.3 | 1.5 | 1.6 | 1.2 |
Cash and cash equivalents | 211.00 | 1 249.00 | 5 210.00 | 95.00 | 108.62 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | AA | AA | A |
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