Mariager Salt Specialties A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Mariager Salt Specialties A/S
Mariager Salt Specialties A/S (CVR number: 41950420) is a company from MARIAGERFJORD. The company reported a net sales of 515.6 mDKK in 2023, demonstrating a growth of 4 % compared to the previous year. The operating profit percentage was at 16.1 % (EBIT: 83.2 mDKK), while net earnings were 71.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 37.5 %, which can be considered excellent and Return on Equity (ROE) was 52.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 64.5 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Mariager Salt Specialties A/S's liquidity measured by quick ratio was 2.3 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 | |
---|---|---|---|---|
Volume | ||||
Net sales | 208.35 | 214.30 | 495.80 | 515.59 |
Gross profit | 69.81 | 67.37 | 138.67 | 196.35 |
EBIT | 21.98 | 5.88 | 21.73 | 83.20 |
Net earnings | 16.93 | 7.21 | 18.90 | 71.60 |
Shareholders equity total | 75.27 | 82.48 | 101.38 | 172.98 |
Balance sheet total (assets) | 145.11 | 183.91 | 200.51 | 268.19 |
Net debt | -35.76 | -18.82 | -0.63 | -13.24 |
Profitability | ||||
EBIT-% | 10.5 % | 2.7 % | 4.4 % | 16.1 % |
ROA | 15.1 % | 3.6 % | 11.4 % | 37.5 % |
ROE | 22.5 % | 9.1 % | 20.6 % | 52.2 % |
ROI | 15.1 % | 5.0 % | 20.6 % | 58.0 % |
Economic value added (EVA) | 21.98 | 2.19 | 17.79 | 64.15 |
Solvency | ||||
Equity ratio | 100.0 % | 44.5 % | 50.3 % | 64.5 % |
Gearing | 8.3 % | 21.3 % | 3.2 % | |
Relative net indebtedness % | -17.2 % | 35.6 % | 15.7 % | 14.4 % |
Liquidity | ||||
Quick ratio | 1.3 | 1.4 | 2.3 | |
Current ratio | 1.5 | 1.8 | 2.6 | |
Cash and cash equivalents | 35.76 | 25.64 | 22.26 | 18.84 |
Capital use efficiency | ||||
Trade debtors turnover (days) | 110.7 | 70.8 | 53.0 | |
Net working capital % | 17.2 % | 24.6 % | 15.1 % | 28.9 % |
Credit risk | ||||
Credit rating | AA | AA | AAA |
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