MINDWORKING A/S — Credit Rating and Financial Key Figures

CVR number: 27489974
Værkmestergade 11, 8000 Aarhus C
finance@mindworking.dk
tel: 86139000
https://mindworking.eu/

Company information

Official name
MINDWORKING A/S
Personnel
55 persons
Established
2003
Company form
Limited company
Industry

About MINDWORKING A/S

MINDWORKING A/S (CVR number: 27489974) is a company from AARHUS. The company recorded a gross profit of 44.6 mDKK in 2023. The operating profit was 4816.3 kDKK, while net earnings were 5983.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 17.1 %, which can be considered excellent and Return on Equity (ROE) was 43.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 0.5 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. MINDWORKING A/S's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

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 profit23 404.6727 897.5146 489.8124 916.7444 647.18
EBIT3 811.963 271.12-69 895.60-11 941.684 816.26
Net earnings3 031.591 009.90-55 539.70-14 297.625 983.14
Shareholders equity total13 659.0619 668.958 461.50-5 836.13147.02
Balance sheet total (assets)92 308.7894 468.1125 856.8327 634.8429 556.86
Net debt56 316.3835 947.374 668.9511 171.1310 480.06
Profitability
EBIT-%
ROA4.4 %3.5 %-116.2 %-40.2 %17.1 %
ROE25.0 %6.1 %-394.9 %-79.2 %43.1 %
ROI4.8 %3.9 %-143.7 %-67.6 %29.7 %
Economic value added (EVA)4 881.944 479.53-52 388.65-13 360.926 654.28
Solvency
Equity ratio14.8 %20.8 %32.8 %-17.4 %0.5 %
Gearing414.9 %213.9 %63.4 %-240.9 %10214.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.20.60.30.5
Current ratio0.20.20.60.30.5
Cash and cash equivalents356.456 121.00694.472 889.474 537.25
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAABBBBBBA

Variable visualization

ROA:17.1%
Rating: 69/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:0.50%
Rating: 1/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

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