Makeen Gas Solutions A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Makeen Gas Solutions A/S
Makeen Gas Solutions A/S (CVR number: 25690869K) is a company from RANDERS. The company reported a net sales of 1098.8 mDKK in 2023, demonstrating a growth of 16.1 % compared to the previous year. The operating profit percentage was at 4.6 % (EBIT: 50.8 mDKK), while net earnings were 37.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 8.2 %, which can be considered good and Return on Equity (ROE) was 12.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 49 %, 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. Makeen Gas Solutions A/S's liquidity measured by quick ratio was 1.4 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 871.10 | 894.60 | 871.83 | 946.43 | 1 098.76 |
Gross profit | 242.10 | 210.60 | 179.68 | 177.56 | 222.27 |
EBIT | 65.10 | 58.20 | 46.72 | 14.73 | 50.82 |
Net earnings | 38.82 | 9.57 | 37.53 | ||
Shareholders equity total | 237.00 | 248.70 | 297.87 | 280.93 | 314.94 |
Balance sheet total (assets) | 50.09 | 744.47 | 707.42 | 736.19 | |
Net debt | -50.09 | 0.50 | -18.00 | -12.61 | |
Profitability | |||||
EBIT-% | 7.5 % | 6.5 % | 5.4 % | 1.6 % | 4.6 % |
ROA | 116.2 % | 16.2 % | 4.3 % | 8.2 % | |
ROE | 14.3 % | 3.4 % | 12.8 % | ||
ROI | 116.2 % | 26.5 % | 7.8 % | 15.1 % | |
Economic value added (EVA) | 55.33 | 46.29 | 21.56 | 0.16 | 30.16 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 46.3 % | 47.0 % | 49.0 % |
Gearing | 36.4 % | 17.2 % | 15.8 % | ||
Relative net indebtedness % | -5.6 % | 35.2 % | 34.0 % | 28.6 % | |
Liquidity | |||||
Quick ratio | 1.4 | 1.5 | 1.4 | ||
Current ratio | 1.3 | 1.4 | 1.5 | ||
Cash and cash equivalents | 50.09 | 107.82 | 66.32 | 62.30 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | 71.0 | 57.6 | 48.7 | ||
Net working capital % | 5.6 % | 15.9 % | 15.2 % | 16.2 % | |
Credit risk | |||||
Credit rating | B | B | AA | AA | AAA |
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