VIN-NOVATION ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About VIN-NOVATION ApS
VIN-NOVATION ApS (CVR number: 30531930) is a company from SØNDERBORG. The company reported a net sales of 0 mDKK in 2023, demonstrating a decline of -30.7 % compared to the previous year. The operating profit percentage was at 11.3 % (EBIT: 0 mDKK), while net earnings were 0.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.2 %, which can be considered decent but Return on Equity (ROE) was 0.7 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 100 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. VIN-NOVATION ApS's liquidity measured by quick ratio was 4211.3 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 33.98 | 33.51 | 2.87 | 44.76 | 31.03 |
Gross profit | -17.48 | 0.30 | -9.88 | 3.59 | 3.49 |
EBIT | -17.48 | 0.30 | -9.88 | 3.59 | 3.49 |
Net earnings | -17.61 | 0.14 | -9.99 | 0.57 | 0.49 |
Shareholders equity total | 75.63 | 75.77 | 65.81 | 66.37 | 66.86 |
Balance sheet total (assets) | 76.16 | 79.51 | 65.81 | 67.97 | 66.87 |
Net debt | -31.16 | -74.14 | -59.30 | -16.70 | -31.82 |
Profitability | |||||
EBIT-% | -51.4 % | 0.9 % | -343.9 % | 8.0 % | 11.3 % |
ROA | -20.6 % | 0.4 % | -13.6 % | 5.4 % | 5.2 % |
ROE | -20.9 % | 0.2 % | -14.1 % | 0.9 % | 0.7 % |
ROI | -20.7 % | 0.4 % | -14.0 % | 5.4 % | 5.2 % |
Economic value added (EVA) | -15.74 | 0.24 | -8.68 | 4.56 | 1.79 |
Solvency | |||||
Equity ratio | 99.3 % | 95.3 % | 100.0 % | 97.7 % | 100.0 % |
Gearing | |||||
Relative net indebtedness % | -90.2 % | -210.1 % | -2063.3 % | -33.8 % | -102.5 % |
Liquidity | |||||
Quick ratio | 101.2 | 20.1 | 32.2 | 4 211.3 | |
Current ratio | 145.9 | 21.2 | 42.7 | 6 079.1 | |
Cash and cash equivalents | 31.16 | 74.14 | 59.30 | 16.70 | 31.82 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 232.5 | 13.8 | 107.6 | 280.9 | 170.6 |
Net working capital % | 222.6 % | 226.1 % | 2289.7 % | 148.3 % | 215.5 % |
Credit risk | |||||
Credit rating | BB | BB | B | BB | BB |
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