MICHAEL G. HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MICHAEL G. HOLDING ApS
MICHAEL G. HOLDING ApS (CVR number: 30906802K) is a company from SILKEBORG. The company reported a net sales of 1991.8 mDKK in 2024, demonstrating a growth of 9.4 % compared to the previous year. The operating profit percentage was at 28.9 % (EBIT: 576.2 mDKK), while net earnings were 461.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 23.5 %, which can be considered excellent and Return on Equity (ROE) was 39.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 74 %, 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. MICHAEL G. HOLDING ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 131.30 | 1 336.11 | 1 663.61 | 1 820.20 | 1 991.77 |
Gross profit | 575.29 | 652.29 | 862.64 | 1 055.08 | 1 182.81 |
EBIT | 237.38 | 271.95 | 430.36 | 533.77 | 576.25 |
Net earnings | 169.69 | 206.23 | 333.39 | 433.27 | 461.43 |
Shareholders equity total | 988.66 | 1 144.86 | 1 361.07 | 1 655.80 | 1 973.02 |
Balance sheet total (assets) | 1 574.15 | 1 760.19 | 2 157.41 | 2 308.80 | 2 666.95 |
Net debt | 188.56 | 241.99 | 400.85 | 203.57 | 114.10 |
Profitability | |||||
EBIT-% | 21.0 % | 20.4 % | 25.9 % | 29.3 % | 28.9 % |
ROA | 15.0 % | 16.3 % | 22.0 % | 24.8 % | 23.5 % |
ROE | 29.0 % | 30.1 % | 41.1 % | 44.2 % | 39.2 % |
ROI | 16.8 % | 18.6 % | 25.3 % | 28.0 % | 26.3 % |
Economic value added (EVA) | 128.60 | 157.38 | 275.80 | 346.15 | 372.37 |
Solvency | |||||
Equity ratio | 62.8 % | 65.0 % | 63.1 % | 71.7 % | 74.0 % |
Gearing | 32.6 % | 26.3 % | 32.5 % | 18.0 % | 16.2 % |
Relative net indebtedness % | 36.4 % | 38.7 % | 43.0 % | 27.9 % | 21.8 % |
Liquidity | |||||
Quick ratio | 1.6 | 1.3 | 0.7 | 1.3 | 1.3 |
Current ratio | 4.6 | 3.9 | 3.0 | 4.7 | 3.9 |
Cash and cash equivalents | 133.64 | 59.05 | 42.02 | 94.27 | 205.46 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 53.9 | 61.1 | 60.2 | 57.6 | 59.9 |
Net working capital % | 61.2 % | 56.5 % | 57.0 % | 63.8 % | 62.0 % |
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AAA | AAA |
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