Welltec Tools Nigeria A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kUSD)
EBIT (kUSD)
Profitability
Solidity
Key figures (kUSD)
See financials2019 | 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 | -5.31 | 0.59 |
Shareholders equity total | 71.84 | 71.36 | 70.76 | 65.45 | 66.04 |
Balance sheet total (assets) | 72.62 | 73.10 | 73.17 | 68.38 | 72.33 |
Net debt | 0.88 | ||||
Profitability | |||||
EBIT-% | |||||
ROA | 0.9 % | 9.3 % | 6.9 % | -1.9 % | 3.6 % |
ROE | -2.9 % | -0.7 % | -0.8 % | -7.8 % | 0.9 % |
ROI | 0.9 % | 9.4 % | 7.0 % | -2.0 % | 3.8 % |
Economic value added (EVA) | -4.50 | -4.70 | -4.33 | -9.85 | -6.48 |
Solvency | |||||
Equity ratio | 98.9 % | 97.6 % | 96.7 % | 95.7 % | 91.3 % |
Gearing | 1.2 % | ||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 93.2 | 42.1 | 30.3 | 23.3 | 11.5 |
Current ratio | 93.2 | 42.1 | 30.3 | 23.3 | 11.5 |
Cash and cash equivalents | |||||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | B | BB |
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