MIDDELFART SPILDEVAND A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MIDDELFART SPILDEVAND A/S
MIDDELFART SPILDEVAND A/S (CVR number: 32259901) is a company from MIDDELFART. The company reported a net sales of 91.6 mDKK in 2024, demonstrating a growth of 4.4 % compared to the previous year. The operating profit percentage was at 15.2 % (EBIT: 13.9 mDKK), while net earnings were 15.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 1.1 %, which can be considered weak and Return on Equity (ROE) was 1.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 91.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MIDDELFART SPILDEVAND A/S's liquidity measured by quick ratio was 2.5 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 81.07 | 83.59 | 94.62 | 87.79 | 91.64 |
Gross profit | 48.64 | 55.41 | 68.14 | 53.45 | 56.45 |
EBIT | 6.73 | 16.35 | 23.44 | 11.32 | 13.92 |
Net earnings | 3.40 | 11.20 | 19.73 | 8.06 | 15.74 |
Shareholders equity total | 1 268.39 | 1 279.59 | 1 299.32 | 1 307.38 | 1 323.12 |
Balance sheet total (assets) | 1 449.76 | 1 458.46 | 1 458.40 | 1 442.04 | 1 445.76 |
Net debt | 134.29 | 105.58 | 90.89 | 74.48 | 66.69 |
Profitability | |||||
EBIT-% | 8.3 % | 19.6 % | 24.8 % | 12.9 % | 15.2 % |
ROA | 0.5 % | 1.1 % | 1.6 % | 0.8 % | 1.1 % |
ROE | 0.3 % | 0.9 % | 1.5 % | 0.6 % | 1.2 % |
ROI | 0.5 % | 1.1 % | 1.6 % | 0.8 % | 1.1 % |
Economic value added (EVA) | -65.58 | -55.76 | -48.87 | -61.16 | -52.78 |
Solvency | |||||
Equity ratio | 87.5 % | 87.7 % | 89.1 % | 90.7 % | 91.5 % |
Gearing | 13.1 % | 12.3 % | 10.8 % | 8.6 % | 7.9 % |
Relative net indebtedness % | 183.8 % | 149.7 % | 113.0 % | 107.9 % | 89.9 % |
Liquidity | |||||
Quick ratio | 1.9 | 1.6 | 2.7 | 2.2 | 2.5 |
Current ratio | 1.9 | 1.6 | 2.7 | 2.2 | 2.5 |
Cash and cash equivalents | 31.56 | 52.09 | 49.89 | 38.11 | 38.25 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 25.4 | 13.8 | 55.3 | 47.3 | 31.6 |
Net working capital % | 23.4 % | 26.1 % | 44.1 % | 34.2 % | 35.4 % |
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AAA | AAA |
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