Welltec Tools Nigeria A/S — Credit Rating and Financial Key Figures

CVR number: 36059575
Gydevang 25, 3450 Allerød

Company information

Official name
Welltec Tools Nigeria A/S
Established
2014
Company form
Limited company
Industry

About Welltec Tools Nigeria A/S

Welltec Tools Nigeria A/S (CVR number: 36059575) is a company from ALLERØD. The company recorded a gross profit of -3.2 kUSD in 2023. The operating profit was -3.2 kUSD, while net earnings were 0.6 kUSD. The profitability of the company measured by Return on Assets (ROA) was 3.6 %, which can be considered weak and Return on Equity (ROE) was 0.9 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 91.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Welltec Tools Nigeria A/S's liquidity measured by quick ratio was 11.5 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 financials

Gross profit (kUSD)

EBIT (kUSD)

Profitability

Solidity

Key figures (kUSD)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-0.78-1.09-0.74-6.29-3.19
EBIT-0.78-1.09-0.74-6.29-3.19
Net earnings-2.12-0.48-0.60-5.310.59
Shareholders equity total71.8471.3670.7665.4566.04
Balance sheet total (assets)72.6273.1073.1768.3872.33
Net debt0.88
Profitability
EBIT-%
ROA0.9 %9.3 %6.9 %-1.9 %3.6 %
ROE-2.9 %-0.7 %-0.8 %-7.8 %0.9 %
ROI0.9 %9.4 %7.0 %-2.0 %3.8 %
Economic value added (EVA)-4.50-4.70-4.33-9.85-6.48
Solvency
Equity ratio98.9 %97.6 %96.7 %95.7 %91.3 %
Gearing1.2 %
Relative net indebtedness %
Liquidity
Quick ratio93.242.130.323.311.5
Current ratio93.242.130.323.311.5
Cash and cash equivalents
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBB

Variable visualization

ROA:3.59%
Rating: 38/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:91.3%
Rating: 72/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board

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