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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 -101.1 kDKK in 2024. The operating profit was -807.3 kDKK, while net earnings were -1175.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.4 %, which can be considered decent but Return on Equity (ROE) was -17.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 78 %, 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 2.2 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 249.13 | 272.26 | 733.04 | 1 922.81 | - 101.08 |
| EBIT | 78.26 | -98.68 | 115.18 | 898.41 | - 807.30 |
| Net earnings | 666.80 | 87.19 | 212.73 | -1 491.31 | -1 175.47 |
| Shareholders equity total | 9 426.85 | 8 714.05 | 8 812.38 | 7 203.26 | 5 905.79 |
| Balance sheet total (assets) | 10 005.09 | 10 541.51 | 9 974.72 | 9 397.72 | 7 576.22 |
| Net debt | 298.16 | 1 653.56 | 566.34 | 1 466.95 | 1 043.44 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 7.7 % | 3.1 % | 3.1 % | 32.7 % | 7.4 % |
| ROE | 7.3 % | 1.0 % | 2.4 % | -18.6 % | -17.9 % |
| ROI | 7.8 % | 1.1 % | 3.2 % | -14.5 % | -16.1 % |
| Economic value added (EVA) | - 387.80 | - 581.40 | - 439.75 | 495.62 | -1 169.76 |
| Solvency | |||||
| Equity ratio | 94.2 % | 82.7 % | 88.3 % | 76.6 % | 78.0 % |
| Gearing | 3.4 % | 19.0 % | 9.3 % | 20.4 % | 17.7 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 8.5 | 2.9 | 3.0 | 2.8 | 2.2 |
| Current ratio | 8.5 | 2.9 | 3.0 | 2.8 | 2.2 |
| Cash and cash equivalents | 19.81 | 250.29 | |||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | A | A | BBB | BB |
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