MIGADAN HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MIGADAN HOLDING A/S
MIGADAN HOLDING A/S (CVR number: 20274336) is a company from ODENSE. The company recorded a gross profit of -9.9 kDKK in 2023. The operating profit was -9.9 kDKK, while net earnings were 3739.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.2 %, which can be considered good and Return on Equity (ROE) was 11.1 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 99.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MIGADAN HOLDING A/S's liquidity measured by quick ratio was 46.8 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -46.24 | -4.65 | -14.59 | -9.46 | -9.87 |
| EBIT | -46.24 | -4.65 | -14.59 | -9.46 | -9.87 |
| Net earnings | 2 352.68 | 2 927.35 | 3 330.76 | 2 318.55 | 3 739.27 |
| Shareholders equity total | 28 006.72 | 30 034.07 | 31 564.82 | 32 483.37 | 34 822.64 |
| Balance sheet total (assets) | 29 017.97 | 31 544.93 | 31 693.56 | 32 515.37 | 35 125.97 |
| Net debt | -1 978.97 | -3 014.59 | -3 030.30 | -1 130.12 | -1 061.72 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 8.6 % | 9.9 % | 10.8 % | 7.4 % | 11.2 % |
| ROE | 8.6 % | 10.1 % | 10.8 % | 7.2 % | 11.1 % |
| ROI | 8.6 % | 9.9 % | 10.8 % | 7.4 % | 11.3 % |
| Economic value added (EVA) | -3.08 | 93.47 | 236.42 | 218.97 | 95.43 |
| Solvency | |||||
| Equity ratio | 96.5 % | 95.2 % | 99.6 % | 99.9 % | 99.1 % |
| Gearing | 3.6 % | 4.5 % | 0.1 % | ||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 12.7 | 9.0 | 97.1 | 410.0 | 46.8 |
| Current ratio | 12.7 | 9.0 | 97.1 | 410.0 | 46.8 |
| Cash and cash equivalents | 2 978.97 | 4 369.62 | 3 072.74 | 1 130.12 | 1 061.72 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | AA | AA | AA | AA | AA |
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