Credit rating
Company information
About the company
MARS A/S (CVR number: 46017714) is a company from AARHUS. The company recorded a gross profit of 2597.2 kDKK in 2023. The operating profit was 15 kDKK, while net earnings were -332.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.8 %, which can be considered weak but Return on Equity (ROE) was -4.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 26.1 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. MARS A/S's liquidity measured by quick ratio was 1.5 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 1 585.98 | 3 002.59 | 2 858.23 | 2 565.13 | 2 597.22 |
EBIT | -37.07 | 510.77 | 477.02 | 142.94 | 15.03 |
Net earnings | 16.21 | 263.69 | 260.56 | 111.72 | - 332.29 |
Shareholders equity total | 6 918.23 | 7 181.92 | 7 442.49 | 7 554.21 | 7 221.92 |
Balance sheet total (assets) | 28 785.72 | 29 016.34 | 30 367.97 | 26 167.47 | 27 714.78 |
Net debt | 19 053.35 | 18 239.53 | 17 368.69 | 13 426.48 | 16 405.32 |
Profitability | |||||
EBIT-% | |||||
ROA | 1.6 % | 3.6 % | 3.5 % | 2.7 % | 1.8 % |
ROE | 0.2 % | 3.7 % | 3.6 % | 1.5 % | -4.5 % |
ROI | 1.6 % | 3.7 % | 3.8 % | 3.0 % | 2.0 % |
Economic value added (EVA) | - 894.84 | - 482.70 | - 515.44 | - 766.35 | - 868.27 |
Solvency | |||||
Equity ratio | 24.0 % | 24.8 % | 24.5 % | 28.9 % | 26.1 % |
Gearing | 275.4 % | 254.0 % | 233.4 % | 177.8 % | 228.3 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.6 | 1.6 | 1.7 | 1.9 | 1.5 |
Current ratio | 1.6 | 1.6 | 1.7 | 1.9 | 1.5 |
Cash and cash equivalents | 0.17 | 0.17 | 0.17 | 2.05 | 81.77 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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