MIG HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 21812692
Hejrevej 30, 2400 København NV

Credit rating

Company information

Official name
MIG HOLDING ApS
Established
1999
Company form
Private limited company
Industry

About MIG HOLDING ApS

MIG HOLDING ApS (CVR number: 21812692) is a company from KØBENHAVN. The company recorded a gross profit of -13.3 kDKK in 2023. The operating profit was -13.3 kDKK, while net earnings were 22.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.6 %, which can be considered weak and Return on Equity (ROE) was 1.9 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 79.1 %, 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. MIG HOLDING ApS's liquidity measured by quick ratio was 3.5 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-6.28-4.38-1.24-5.78-13.33
EBIT-6.28-4.38-1.24-5.78-13.33
Net earnings159.55373.05102.0564.4022.59
Shareholders equity total710.101 083.151 135.201 199.601 222.20
Balance sheet total (assets)1 145.591 262.711 395.621 485.851 545.08
Net debt-32.44-2.00195.23
Profitability
EBIT-%
ROA14.4 %31.2 %8.5 %6.0 %2.6 %
ROE25.3 %41.6 %9.2 %5.5 %1.9 %
ROI14.9 %33.1 %9.8 %7.2 %3.0 %
Economic value added (EVA)-17.59-22.59-37.15-39.29-46.97
Solvency
Equity ratio62.0 %85.8 %81.3 %80.7 %79.1 %
Gearing2.5 %3.8 %16.0 %
Relative net indebtedness %
Liquidity
Quick ratio24.18.33.93.73.5
Current ratio24.18.33.93.73.5
Cash and cash equivalents61.3147.57
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAABBB

Variable visualization

ROA:2.63%
Rating: 33/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:79.1%
Rating: 59/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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