MAST ENGINEERING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MAST ENGINEERING ApS
MAST ENGINEERING ApS (CVR number: 34489548) is a company from ESBJERG. The company reported a net sales of 0.7 mDKK in 2023, demonstrating a growth of 5.6 % compared to the previous year. The operating profit percentage was at 11.3 % (EBIT: 0.1 mDKK), while net earnings were 59 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.6 %, which can be considered good and Return on Equity (ROE) was 11.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 61.1 %, 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. MAST ENGINEERING ApS's liquidity measured by quick ratio was 4 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 | 634.68 | 670.50 | |||
Gross profit | 1 647.74 | 1 626.41 | 506.74 | 471.99 | |
EBIT | 314.81 | 390.60 | 316.29 | - 170.64 | 75.52 |
Net earnings | 254.12 | 322.53 | 236.27 | - 213.47 | 59.04 |
Shareholders equity total | 457.51 | 669.44 | 792.71 | 465.20 | 524.50 |
Balance sheet total (assets) | 883.43 | 1 240.46 | 1 233.77 | 744.95 | 858.58 |
Net debt | - 460.40 | - 649.05 | - 982.07 | - 545.36 | - 715.15 |
Profitability | |||||
EBIT-% | -26.9 % | 11.3 % | |||
ROA | 36.1 % | 39.3 % | 25.9 % | -15.9 % | 10.6 % |
ROE | 66.1 % | 57.2 % | 32.3 % | -33.9 % | 11.9 % |
ROI | 58.9 % | 69.2 % | 40.1 % | -22.9 % | 17.2 % |
Economic value added (EVA) | 225.98 | 305.98 | 245.99 | - 124.77 | 63.24 |
Solvency | |||||
Equity ratio | 51.8 % | 54.0 % | 64.3 % | 62.4 % | 61.1 % |
Gearing | 3.6 % | 3.1 % | |||
Relative net indebtedness % | -60.3 % | -74.3 % | |||
Liquidity | |||||
Quick ratio | 2.3 | 1.8 | 3.3 | 3.9 | 4.0 |
Current ratio | 2.3 | 1.8 | 3.3 | 3.9 | 4.0 |
Cash and cash equivalents | 477.05 | 669.99 | 982.07 | 545.36 | 715.15 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 51.9 | ||||
Net working capital % | 0.1 % | 33.8 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | A | BB | BBB |
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