M.J. Grønbech Ejendomme A/S — Credit Rating and Financial Key Figures

CVR number: 20629614
Meterbuen 27 C, 2740 Skovlunde
tel: 33266315

Credit rating

Company information

Official name
M.J. Grønbech Ejendomme A/S
Personnel
1 person
Established
1948
Company form
Limited company
Industry

About M.J. Grønbech Ejendomme A/S

M.J. Grønbech Ejendomme A/S (CVR number: 20629614K) is a company from BALLERUP. The company reported a net sales of 1699.3 mDKK in 2020, demonstrating a decline of -4.4 % compared to the previous year. The operating profit percentage was at 3.8 % (EBIT: 65.2 mDKK), while net earnings were 43.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 8.5 %, which can be considered good but Return on Equity (ROE) was 17.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 37.7 %, 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. M.J. Grønbech Ejendomme A/S's liquidity measured by quick ratio was 1.1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2016
2017
2018
2019
2020
Volume
Net sales1 467.591 540.241 731.901 778.411 699.27
Gross profit385.94389.90471.68494.20508.97
EBIT46.6830.6656.1650.0365.25
Net earnings28.8011.3334.0628.8743.59
Shareholders equity total250.33255.72270.45292.34314.21
Balance sheet total (assets)695.46730.38773.83847.99839.23
Net debt138.67149.69120.11149.9779.47
Profitability
EBIT-%3.2 %2.0 %3.2 %2.8 %3.8 %
ROA7.5 %4.8 %7.9 %6.9 %8.5 %
ROE15.1 %5.7 %16.2 %12.6 %17.5 %
ROI10.6 %6.8 %11.1 %9.7 %12.2 %
Economic value added (EVA)12.54-1.9216.318.7119.53
Solvency
Equity ratio36.0 %35.0 %35.1 %34.5 %37.7 %
Gearing73.2 %72.0 %64.7 %76.5 %51.5 %
Relative net indebtedness %26.4 %27.5 %24.7 %25.9 %24.8 %
Liquidity
Quick ratio1.01.00.91.01.1
Current ratio1.31.31.21.21.3
Cash and cash equivalents44.5934.3054.9673.5682.31
Capital use efficiency
Trade debtors turnover (days)58.852.045.344.243.7
Net working capital %6.3 %5.8 %4.0 %5.2 %6.0 %
Credit risk
Credit ratingAAAAAAAAAAAAAAA

Variable visualization

ROA:8.53%
Rating: 53/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:37.7%
Rating: 32/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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