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Michael Davidsen Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Michael Davidsen Holding ApS
Michael Davidsen Holding ApS (CVR number: 40598049) is a company from GENTOFTE. The company recorded a gross profit of -7.5 kDKK in 2024. The operating profit was -7.5 kDKK, while net earnings were 222.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.2 %, which can be considered weak and Return on Equity (ROE) was 3 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 68.7 %, 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 Davidsen Holding ApS's liquidity measured by quick ratio was 12.3 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 | -11.88 | -18.13 | -19.38 | -20.50 | -7.50 |
| EBIT | -11.88 | -18.13 | -19.38 | -20.50 | -7.50 |
| Net earnings | 1 081.89 | 3 551.37 | 4 902.71 | -2 428.12 | 222.16 |
| Shareholders equity total | 1 361.96 | 4 913.32 | 9 816.04 | 7 387.92 | 7 610.08 |
| Balance sheet total (assets) | 4 181.90 | 8 930.91 | 12 816.89 | 10 726.86 | 11 080.04 |
| Net debt | 2 729.94 | 3 913.01 | 2 983.60 | 2 895.45 | 3 278.54 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 31.4 % | 55.5 % | 48.3 % | -20.1 % | 3.2 % |
| ROE | 132.1 % | 113.2 % | 66.6 % | -28.2 % | 3.0 % |
| ROI | 31.5 % | 55.6 % | 48.3 % | -20.2 % | 3.3 % |
| Economic value added (EVA) | - 166.41 | - 219.76 | - 463.63 | - 657.81 | - 536.92 |
| Solvency | |||||
| Equity ratio | 32.6 % | 55.0 % | 76.6 % | 68.9 % | 68.7 % |
| Gearing | 200.4 % | 79.9 % | 30.4 % | 42.6 % | 43.1 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.1 | 0.4 | 0.8 | 11.5 | 12.3 |
| Current ratio | 0.1 | 0.4 | 0.8 | 11.5 | 12.3 |
| Cash and cash equivalents | 14.57 | 1.39 | 252.41 | 0.32 | |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | A | A | BBB | A |
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