MELDGAARD HOLDING A/S
Credit rating
Company information
About MELDGAARD HOLDING A/S
MELDGAARD HOLDING A/S (CVR number: 10775833) is a company from AABENRAA. The company reported a net sales of 32.5 mDKK in 2023, demonstrating a growth of 5.9 % compared to the previous year. The operating profit percentage was poor at -4.8 % (EBIT: -1.6 mDKK), while net earnings were 99.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 15.6 %, which can be considered excellent and Return on Equity (ROE) was 26.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 58.2 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. MELDGAARD HOLDING A/S's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 29.20 | 28.11 | 28.27 | 30.71 | 32.53 |
Gross profit | 21.97 | 21.52 | 21.43 | 27.72 | 27.65 |
EBIT | 0.59 | -0.90 | -1.60 | -3.55 | -1.57 |
Net earnings | 44.89 | 73.88 | 83.96 | 56.41 | 99.17 |
Shareholders equity total | 168.57 | 229.22 | 277.93 | 324.19 | 413.27 |
Balance sheet total (assets) | 342.18 | 453.42 | 495.23 | 599.79 | 710.02 |
Net debt | 158.34 | 210.31 | 207.00 | 265.62 | 283.94 |
Profitability | |||||
EBIT-% | 2.0 % | -3.2 % | -5.7 % | -11.5 % | -4.8 % |
ROA | 14.9 % | 18.6 % | 17.9 % | 10.4 % | 15.6 % |
ROE | 27.8 % | 37.1 % | 33.1 % | 18.7 % | 26.9 % |
ROI | 15.4 % | 19.1 % | 18.2 % | 10.6 % | 15.9 % |
Economic value added (EVA) | 7.34 | 9.64 | 13.20 | 14.92 | 19.22 |
Solvency | |||||
Equity ratio | 49.3 % | 50.6 % | 56.1 % | 54.1 % | 58.2 % |
Gearing | 94.3 % | 92.0 % | 74.8 % | 82.3 % | 69.0 % |
Relative net indebtedness % | 581.0 % | 784.0 % | 766.0 % | 894.0 % | 908.4 % |
Liquidity | |||||
Quick ratio | 0.5 | 0.5 | 0.5 | 0.6 | 0.7 |
Current ratio | 0.5 | 0.5 | 0.5 | 0.6 | 0.7 |
Cash and cash equivalents | 0.58 | 0.57 | 0.77 | 1.05 | 1.12 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 33.7 | 36.6 | 40.4 | 35.8 | 33.0 |
Net working capital % | -301.0 % | -366.4 % | -380.2 % | -366.5 % | -310.5 % |
Credit risk | |||||
Credit rating | AA | A | A | A | A |
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