Varengold Bank AG
Varengold Bank AG provides various marketplace and transaction/commercial banking products and services in Germany. The company offers lending and fronting services; funding; international payment transaction; and call and fixed term deposits. It also offers bank guarantees and debt and equity capital market products. The company was formerly known as Varengold Wertpapierhandelsbank AG and change… Read more
Varengold Bank AG (VG8) - Total Assets
Latest total assets as of June 2024: €1.12 Billion EUR
Based on the latest financial reports, Varengold Bank AG (VG8) holds total assets worth €1.12 Billion EUR as of June 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Varengold Bank AG - Total Assets Trend (2013–2023)
This chart illustrates how Varengold Bank AG’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Varengold Bank AG - Asset Composition Analysis
Current Asset Composition (December 2023)
Varengold Bank AG's total assets of €1.12 Billion consist of 0.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (EUR) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | €0.00 | 0.2% |
| Accounts Receivable | €0.00 | 0.0% |
| Inventory | €0.00 | 0.0% |
| Property, Plant & Equipment | €0.00 | 0.0% |
| Intangible Assets | €45.47K | 0.0% |
| Goodwill | €0.00 | 0.0% |
Asset Composition Trend (2013–2023)
This chart illustrates how Varengold Bank AG's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Varengold Bank AG's current assets represent 0.0% of total assets in 2023, a decrease from 52.5% in 2013.
- Cash Position: Cash and equivalents constituted 0.2% of total assets in 2023, down from 7.8% in 2013.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 1.0% in 2013.
- Asset Diversification: The largest asset category is intangible assets at 0.0% of total assets.
Varengold Bank AG Competitors by Total Assets
Key competitors of Varengold Bank AG based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
| No similar companies found. | ||
Varengold Bank AG - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Varengold Bank AG generates 0.05x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Varengold Bank AG generates $ 1.07 in net profit.
Varengold Bank AG - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.96 | 0.95 | 0.85 |
| Quick Ratio | 0.96 | 0.95 | 0.85 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | €-71.47 Million | € -55.30 Million | € -61.25 Million |
Varengold Bank AG - Advanced Valuation Insights
This section examines the relationship between Varengold Bank AG's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.27 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -4.7% |
| Total Assets | €1.35 Billion |
| Market Capitalization | $26.73K USD |
Valuation Analysis
Below Book Valuation: The market values Varengold Bank AG's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Varengold Bank AG's assets decreased by 4.7% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Varengold Bank AG (2013–2023)
The table below shows the annual total assets of Varengold Bank AG from 2013 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | €1.35 Billion | -4.75% |
| 2022-12-31 | €1.42 Billion | -3.09% |
| 2021-12-31 | €1.47 Billion | +47.38% |
| 2020-12-31 | €995.19 Million | +40.70% |
| 2019-12-31 | €707.33 Million | +33.22% |
| 2018-12-31 | €530.93 Million | +19.25% |
| 2017-12-31 | €445.21 Million | -27.48% |
| 2016-12-31 | €613.89 Million | +2.11% |
| 2015-12-31 | €601.22 Million | +70.23% |
| 2014-12-31 | €353.18 Million | +564.98% |
| 2013-12-31 | €53.11 Million | -- |