LAT NITROGEN FRANCE : revenue, balance sheet and financial ratios

LAT NITROGEN FRANCE is a French company founded 27 years ago, specialized in the sector Fabrication de produits azotés et d'engrais. Based in COURBEVOIE (92400), this company of category ETI shows in 2024 a revenue of 348.4 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - LAT NITROGEN FRANCE (SIREN 421454406)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 348 444 146 € 350 941 591 € 700 682 631 € 334 016 318 € 266 959 691 € 329 021 010 € 273 404 535 € 231 751 726 € 287 901 105 €
Net income -102 371 020 € -73 554 069 € 12 973 256 € -92 630 964 € -37 481 958 € -31 199 481 € -120 733 208 € -76 217 345 € -137 276 569 €
EBITDA -48 604 879 € -32 350 244 € 38 693 484 € -86 211 179 € -11 684 819 € 19 023 084 € -77 694 696 € -58 689 661 € 3 364 779 €
Net margin -29.4% -21.0% 1.9% -27.7% -14.0% -9.5% -44.2% -32.9% -47.7%

Revenue and income statement

In 2024, LAT NITROGEN FRANCE achieves revenue of 348.4 M€. Revenue is growing positively over 9 years (CAGR: +2.4%). Slight decline of -1% vs 2023. After deducting consumption (220.5 M€), gross margin stands at 128.0 M€, i.e. a rate of 37%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -48.6 M€, representing -13.9% of revenue. Warning negative scissor effect: despite revenue change (-1%), EBITDA varies by -50%, reducing margin by 4.7 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -102.4 M€ (-29.4% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

348 444 146 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

127 983 626 €

EBITDA (2024) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

-48 604 879 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-81 683 497 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-102 371 020 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-13.9%

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 109%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 21%. The balance between equity and debt is satisfactory.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

109.125%

Financial autonomy (2024) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

21.044%

Cash flow / Revenue (2024) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

-13.478%

Repayment capacity (2024) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

-1.297

Asset age ratio (2024) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

21.3%

Solvency indicators evolution
LAT NITROGEN FRANCE

Sector positioning

Debt ratio
109.12 2024
2022
2023
2024
Q1: 7.95
Med: 30.99
Q3: 89.53
Average +51 pts over 3 years

In 2024, the debt ratio of LAT NITROGEN FRANCE (109.12) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
21.04% 2024
2022
2023
2024
Q1: 20.85%
Med: 42.23%
Q3: 60.06%
Average +11 pts over 3 years

In 2024, the financial autonomy of LAT NITROGEN FRANCE (21.0%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
-1.3 years 2024
2022
2023
2024
Q1: -1.89 years
Med: 0.06 years
Q3: 2.3 years
Good -42 pts over 3 years

In 2024, the repayment capacity of LAT NITROGEN FRANCE (-1.30) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 79.34. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

79.339

Interest coverage (2024) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

-5.097

Liquidity indicators evolution
LAT NITROGEN FRANCE

Sector positioning

Liquidity ratio
79.34 2024
2022
2023
2024
Q1: 190.68
Med: 291.78
Q3: 411.05
Watch -13 pts over 3 years

In 2024, the liquidity ratio of LAT NITROGEN FRANCE (79.34) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
-5.1x 2024
2022
2023
2024
Q1: -5.15x
Med: 0.84x
Q3: 10.92x
Average -53 pts over 3 years

In 2024, the interest coverage of LAT NITROGEN FRANCE (-5.1x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 31 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 52 days. Favorable situation: supplier credit is longer than customer credit by 21 days. Inventory turnover is 57 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 31 days of revenue, i.e. 30.3 M€ to permanently finance. Over 2016-2024, WCR increased by +56%, requiring additional financing.

Operating WCR (2024) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

30 262 374 €

Customer credit (2024) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

31 j

Supplier credit (2024) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

52 j

Inventory turnover (2024) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

57 j

WCR in days of revenue (2024) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

31 j

WCR and payment terms evolution
LAT NITROGEN FRANCE

Positioning of LAT NITROGEN FRANCE in its sector

Comparison with sector Fabrication de produits azotés et d'engrais

Valuation estimate

Based on 74 transactions of similar company sales (all years), the value of LAT NITROGEN FRANCE is estimated at 38 274 583 € (range 24 977 421€ - 87 080 415€). The price/revenue ratio is 0.11x (conservative valuation). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2024
74 tx
24977k€ 38274k€ 87080k€
38 274 583 € Range: 24 977 421€ - 87 080 415€
Section all-time Aggregated at NAF section level

Valuation method used

Revenue Multiple
348 444 146 € × 0.11x = 38 274 584 €
Range: 24 977 422€ - 87 080 415€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 74 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Fabrication de produits azotés et d'engrais)

Compare LAT NITROGEN FRANCE with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de produits azotés et d'engrais

Frequently asked questions about LAT NITROGEN FRANCE

What is the revenue of LAT NITROGEN FRANCE ?

The revenue of LAT NITROGEN FRANCE in 2024 is 348.4 M€.

Is LAT NITROGEN FRANCE profitable?

LAT NITROGEN FRANCE recorded a net loss in 2024.

Where is the headquarters of LAT NITROGEN FRANCE ?

The headquarters of LAT NITROGEN FRANCE is located in COURBEVOIE (92400), in the department Hauts-de-Seine.

Where to find the tax return of LAT NITROGEN FRANCE ?

The tax return of LAT NITROGEN FRANCE is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does LAT NITROGEN FRANCE operate?

LAT NITROGEN FRANCE operates in the sector Fabrication de produits azotés et d'engrais (NAF code 20.15Z). See the 'Sector positioning' section above to compare the company with its competitors.