Mind Energy A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Mind Energy A/S
Mind Energy A/S (CVR number: 17225898K) is a company from AARHUS. The company reported a net sales of 76615.2 mDKK in 2024, demonstrating a decline of -35.9 % compared to the previous year. The operating profit percentage was at 0.2 % (EBIT: 173.1 mDKK), while net earnings were 292.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 2.5 %, which can be considered weak and Return on Equity (ROE) was 3.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 64.6 %, 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. Mind Energy A/S's liquidity measured by quick ratio was 2.8 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 | 44 908.75 | 119 005.50 | 344 556.25 | 119 576.58 | 76 615.16 |
Gross profit | 476.63 | 132.08 | -1 167.35 | 865.49 | 399.00 |
EBIT | 82.39 | - 270.95 | 11 378.98 | - 467.97 | 173.15 |
Net earnings | 139.59 | - 286.47 | 8 844.12 | - 202.94 | 292.19 |
Shareholders equity total | 1 251.56 | 1 948.86 | 11 738.33 | 8 504.17 | 8 849.58 |
Balance sheet total (assets) | 7 937.71 | 27 600.03 | 35 140.82 | 17 871.02 | 13 704.79 |
Net debt | 1 682.36 | 2 952.85 | -5 602.79 | -2 824.34 | -3 254.44 |
Profitability | |||||
EBIT-% | 0.2 % | -0.2 % | 3.3 % | -0.4 % | 0.2 % |
ROA | 1.1 % | -1.0 % | 77.6 % | -0.7 % | 2.5 % |
ROE | 11.8 % | -17.9 % | 129.2 % | -2.0 % | 3.4 % |
ROI | 3.5 % | -5.1 % | 300.2 % | -1.7 % | 4.3 % |
Economic value added (EVA) | -65.34 | - 342.65 | 8 651.65 | -1 014.37 | - 317.92 |
Solvency | |||||
Equity ratio | 15.8 % | 7.1 % | 33.4 % | 47.6 % | 64.6 % |
Gearing | 102.8 % | 122.5 % | 5.2 % | 0.1 % | |
Relative net indebtedness % | 15.8 % | 22.0 % | 5.2 % | 5.1 % | 2.1 % |
Liquidity | |||||
Quick ratio | 1.1 | 1.0 | 1.4 | 1.8 | 2.8 |
Current ratio | 1.2 | 1.1 | 1.5 | 1.9 | 2.8 |
Cash and cash equivalents | - 396.19 | - 566.35 | 5 602.79 | 3 262.97 | 3 266.60 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 39.3 | 37.1 | 15.3 | 22.0 | 28.6 |
Net working capital % | 2.5 % | 1.4 % | 3.3 % | 6.9 % | 11.4 % |
Credit risk | |||||
Credit rating | BBB | BB | BB | BBB | BBB |
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