MEINERTZ A/S AF 1962 — Credit Rating and Financial Key Figures

CVR number: 67147219
Sverigesvej 16, 8700 Horsens
tel: 86521811

Credit rating

Company information

Official name
MEINERTZ A/S AF 1962
Personnel
15 persons
Established
1981
Company form
Limited company
Industry
  • Expand more icon25Manufacture of fabricated metal products, except machinery and equipment

About MEINERTZ A/S AF 1962

MEINERTZ A/S AF 1962 (CVR number: 67147219) is a company from HORSENS. The company recorded a gross profit of 10 mDKK in 2023. The operating profit was 1452.4 kDKK, while net earnings were 1304 kDKK. The profitability of the company measured by Return on Assets (ROA) was 18 %, which can be considered excellent and Return on Equity (ROE) was 33.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 63.5 %, 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. MEINERTZ A/S AF 1962's liquidity measured by quick ratio was 1.1 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit8 419.257 943.196 051.5110 663.0010 019.85
EBIT894.14- 872.81-2 579.402 155.001 452.45
Net earnings513.72-1 122.22-2 729.922 024.001 303.98
Shareholders equity total1 062.401 940.181 210.263 234.004 537.76
Balance sheet total (assets)5 647.877 604.295 690.188 992.007 146.04
Net debt2 786.221 484.26715.94- 453.00-1 059.29
Profitability
EBIT-%
ROA16.2 %-13.2 %-38.7 %29.4 %18.0 %
ROE63.8 %-74.8 %-173.3 %91.1 %33.6 %
ROI26.0 %-19.3 %-69.2 %61.4 %32.4 %
Economic value added (EVA)853.88- 926.06-2 649.422 096.521 373.20
Solvency
Equity ratio18.8 %25.5 %21.3 %36.0 %63.5 %
Gearing268.9 %104.7 %63.0 %37.2 %0.0 %
Relative net indebtedness %
Liquidity
Quick ratio0.40.70.40.91.1
Current ratio1.11.51.31.73.5
Cash and cash equivalents70.44546.7446.391 657.001 059.30
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBAA

Variable visualization

ROA:18.0%
Rating: 71/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:63.5%
Rating: 49/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member
Board member

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