MI HOLDING DANMARK ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MI HOLDING DANMARK ApS
MI HOLDING DANMARK ApS (CVR number: 21416347) is a company from SILKEBORG. The company recorded a gross profit of 1922.8 kDKK in 2023. The operating profit was 898.4 kDKK, while net earnings were -1491.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 32.7 %, which can be considered excellent but Return on Equity (ROE) was -18.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 76.6 %, 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. MI HOLDING DANMARK ApS'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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 246.18 | 249.13 | 272.26 | 733.04 | 1 922.81 |
EBIT | 75.31 | 78.26 | -98.68 | 115.18 | 898.41 |
Net earnings | 358.27 | 666.80 | 87.19 | 212.73 | -1 491.31 |
Shareholders equity total | 8 860.06 | 9 426.85 | 8 714.05 | 8 812.38 | 7 203.26 |
Balance sheet total (assets) | 9 012.84 | 10 005.09 | 10 541.51 | 9 974.72 | 9 397.72 |
Net debt | - 666.03 | 298.16 | 1 653.56 | 566.34 | 1 466.95 |
Profitability | |||||
EBIT-% | |||||
ROA | 4.5 % | 7.7 % | 3.1 % | 3.1 % | 32.7 % |
ROE | 4.0 % | 7.3 % | 1.0 % | 2.4 % | -18.6 % |
ROI | 4.6 % | 7.8 % | 1.1 % | 3.2 % | -14.5 % |
Economic value added (EVA) | - 264.63 | - 301.88 | - 484.51 | - 334.98 | 641.41 |
Solvency | |||||
Equity ratio | 98.3 % | 94.2 % | 82.7 % | 88.3 % | 76.6 % |
Gearing | 0.4 % | 3.4 % | 19.0 % | 9.3 % | 20.4 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 27.1 | 8.5 | 2.9 | 3.0 | 2.8 |
Current ratio | 27.1 | 8.5 | 2.9 | 3.0 | 2.8 |
Cash and cash equivalents | 697.82 | 19.81 | 250.29 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | BBB | A | BBB |
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