MEYCO A/S — Credit Rating and Financial Key Figures
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 -504.2 kDKK in 2024. The operating profit was -1050.3 kDKK, while net earnings were 1363.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.8 %, which can be considered decent but Return on Equity (ROE) was 2.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at -21.3 %. 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 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 | - 168.42 | - 235.02 | - 267.00 | - 528.00 | - 504.16 |
EBIT | -1 338.00 | -1 276.67 | -1 340.00 | -1 576.00 | -1 050.31 |
Net earnings | -2 545.31 | 2 802.69 | -1 040.00 | 1 727.00 | 1 363.48 |
Shareholders equity total | -19 840.70 | -17 038.00 | -18 078.00 | -16 351.00 | -14 987.82 |
Balance sheet total (assets) | 82 594.11 | 85 847.05 | 81 238.00 | 58 969.00 | 55 262.16 |
Net debt | 29 187.10 | 23 736.92 | 28 560.00 | 18 587.00 | 15 090.08 |
Profitability | |||||
EBIT-% | |||||
ROA | 0.7 % | 5.1 % | 6.2 % | 4.9 % | 4.8 % |
ROE | -3.0 % | 3.3 % | -1.2 % | 2.5 % | 2.4 % |
ROI | 0.7 % | 5.1 % | 6.2 % | 4.9 % | 4.8 % |
Economic value added (EVA) | -5 760.79 | -5 388.09 | -5 346.95 | -5 598.69 | -3 969.39 |
Solvency | |||||
Equity ratio | -19.4 % | -16.6 % | -18.2 % | -21.7 % | -21.3 % |
Gearing | -504.9 % | -587.6 % | -543.7 % | -459.2 % | -467.6 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.4 | 1.4 | 1.3 | 1.8 | 2.0 |
Current ratio | 1.4 | 1.4 | 1.3 | 1.8 | 2.0 |
Cash and cash equivalents | 70 991.52 | 76 380.86 | 69 725.00 | 56 503.00 | 54 994.08 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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