Credit rating
Company information
About MEYCO A/S
MEYCO A/S (CVR number: 36063084) is a company from AARHUS. The company recorded a gross profit of -530.1 kDKK in 2023. The operating profit was -1577.8 kDKK, while net earnings were 1726.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.9 %, which can be considered decent but Return on Equity (ROE) was 2.5 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at -21.7 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. MEYCO A/S's liquidity measured by quick ratio was 1.8 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 | - 201.16 | - 168.42 | - 235.02 | - 267.00 | - 530.09 |
EBIT | -1 362.07 | -1 338.00 | -1 276.67 | -1 340.00 | -1 577.80 |
Net earnings | - 218.69 | -2 545.31 | 2 802.69 | -1 040.00 | 1 726.68 |
Shareholders equity total | -17 295.39 | -19 840.70 | -17 038.00 | -18 078.00 | -16 351.30 |
Balance sheet total (assets) | 87 463.34 | 82 594.11 | 85 847.05 | 81 238.00 | 58 969.25 |
Net debt | 26 281.75 | 29 187.10 | 23 736.92 | 28 560.00 | 18 587.35 |
Profitability | |||||
EBIT-% | |||||
ROA | 2.5 % | 0.7 % | 5.1 % | 6.2 % | 4.9 % |
ROE | -0.2 % | -3.0 % | 3.3 % | -1.2 % | 2.5 % |
ROI | 2.5 % | 0.7 % | 5.1 % | 6.2 % | 4.9 % |
Economic value added (EVA) | 3 402.51 | 3 361.10 | 3 386.72 | 3 734.24 | 3 216.94 |
Solvency | |||||
Equity ratio | -16.5 % | -19.4 % | -16.6 % | -18.2 % | -21.7 % |
Gearing | -589.9 % | -504.9 % | -587.6 % | -543.7 % | -459.2 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.8 | 1.4 | 1.4 | 1.3 | 1.8 |
Current ratio | 0.8 | 1.4 | 1.4 | 1.3 | 1.8 |
Cash and cash equivalents | 75 749.16 | 70 991.52 | 76 380.86 | 69 725.00 | 56 502.82 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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