Magnit Global Denmark ApS — Credit Rating and Financial Key Figures

Magnit Global Denmark ApS (CVR number: 29770859K) is a company from FREDERIKSBERG. The company reported a net sales of 5573.2 mDKK in 2016, demonstrating a growth of 20.1 % compared to the previous year. The operating profit percentage was at 1.1 % (EBIT: 59.5 mDKK), while net earnings were 33.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4.5 %, which can be considered decent and Return on Equity (ROE) was 4.6 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 1.1 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Magnit Global Denmark ApS's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.