Varengold Bank AG (VG8) - Total Assets
Based on the latest financial reports, Varengold Bank AG (VG8) holds total assets worth €1.12 Billion EUR (≈ $1.31 Billion USD) 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. See Varengold Bank AG (VG8) net assets for net asset value and shareholders' equity analysis.
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.
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. For live market cap, price, and company overview, see Varengold Bank AG (VG8) market capitalisation.
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 - 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 | 0.02 |
| Asset Growth Rate (YoY) | -4.7% |
| Total Assets | €1.35 Billion |
| Market Capitalization | $29.57 Million USD |
Valuation Analysis
Below Book Valuation: The market values Varengold Bank AG's assets below their book value (0.02x), 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 ≈ $1.58 Billion |
-4.75% |
| 2022-12-31 | €1.42 Billion ≈ $1.66 Billion |
-3.09% |
| 2021-12-31 | €1.47 Billion ≈ $1.71 Billion |
+47.38% |
| 2020-12-31 | €995.19 Million ≈ $1.16 Billion |
+40.70% |
| 2019-12-31 | €707.33 Million ≈ $826.94 Million |
+33.22% |
| 2018-12-31 | €530.93 Million ≈ $620.72 Million |
+19.25% |
| 2017-12-31 | €445.21 Million ≈ $520.50 Million |
-27.48% |
| 2016-12-31 | €613.89 Million ≈ $717.71 Million |
+2.11% |
| 2015-12-31 | €601.22 Million ≈ $702.88 Million |
+70.23% |
| 2014-12-31 | €353.18 Million ≈ $412.91 Million |
+564.98% |
| 2013-12-31 | €53.11 Million ≈ $62.09 Million |
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About 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