MIDTGAARD HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 29207488
Vesterbrogade 74, 1620 København V

Company information

Official name
MIDTGAARD HOLDING ApS
Established
2005
Company form
Private limited company
Industry

About MIDTGAARD HOLDING ApS

MIDTGAARD HOLDING ApS (CVR number: 29207488) is a company from KØBENHAVN. The company recorded a gross profit of -1728.1 kDKK in 2023. The operating profit was -4477.6 kDKK, while net earnings were 34.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 19.8 %, which can be considered excellent and Return on Equity (ROE) was 20.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 99.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MIDTGAARD HOLDING ApS's liquidity measured by quick ratio was 95.4 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-1 722.01- 838.97-1 928.65-1 853.65-1 728.14
EBIT-4 794.53-3 241.05-5 165.77-4 157.55-4 477.58
Net earnings4 033.51111.133 492.13-21 069.0534 677.50
Shareholders equity total177 529.21177 640.34181 132.47160 063.42184 740.92
Balance sheet total (assets)189 252.61190 866.53197 269.61169 213.88186 409.59
Net debt- 148 536.93- 144 601.30- 165 087.46- 148 766.88- 158 555.49
Profitability
EBIT-%
ROA3.0 %1.3 %2.7 %0.0 %19.8 %
ROE2.3 %0.1 %1.9 %-12.4 %20.1 %
ROI3.1 %1.3 %2.7 %0.0 %19.9 %
Economic value added (EVA)-3 889.72-2 921.12-4 605.36-4 273.97-4 524.63
Solvency
Equity ratio93.8 %93.1 %91.8 %94.6 %99.1 %
Gearing6.3 %6.7 %7.0 %5.2 %0.4 %
Relative net indebtedness %
Liquidity
Quick ratio13.711.811.017.295.4
Current ratio13.711.811.017.295.4
Cash and cash equivalents159 728.71156 549.39177 744.12157 042.45159 204.96
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAAAA

Variable visualization

ROA:19.8%
Rating: 74/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:99.1%
Rating: 86/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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