MIDT WASH TEXTILFORÆDLING A/S — Credit Rating and Financial Key Figures

CVR number: 39137119
Thrigesvej 14, 8600 Silkeborg
tel: 97153360

Credit rating

Company information

Official name
MIDT WASH TEXTILFORÆDLING A/S
Established
1946
Company form
Limited company
Industry

About MIDT WASH TEXTILFORÆDLING A/S

MIDT WASH TEXTILFORÆDLING A/S (CVR number: 39137119) is a company from SILKEBORG. The company recorded a gross profit of 140 kDKK in 2024. The operating profit was 140 kDKK, while net earnings were 117.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.4 %, which can be considered decent and Return on Equity (ROE) was 6 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 73.1 %, 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. MIDT WASH TEXTILFORÆDLING A/S's liquidity measured by quick ratio was 1.1 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.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit89.5297.03121.21112.94140.03
EBIT139.52147.02371.21112.94140.03
Net earnings99.70111.78290.3292.92117.91
Shareholders equity total1 395.091 506.881 797.201 890.112 008.02
Balance sheet total (assets)2 254.662 323.752 634.392 677.772 746.50
Net debt514.61467.50356.35270.85158.06
Profitability
EBIT-%
ROA7.6 %7.8 %16.3 %5.5 %6.4 %
ROE7.4 %7.7 %17.6 %5.0 %6.0 %
ROI7.8 %8.0 %16.6 %5.6 %6.6 %
Economic value added (EVA)0.485.52176.38-39.94-21.04
Solvency
Equity ratio61.9 %64.8 %68.2 %70.6 %73.1 %
Gearing37.8 %31.5 %23.2 %18.9 %14.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.20.50.71.1
Current ratio0.20.20.50.71.1
Cash and cash equivalents13.127.6759.7586.72137.73
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:6.44%
Rating: 47/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:73.1%
Rating: 55/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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