MIDDELFART SPILDEVAND HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MIDDELFART SPILDEVAND HOLDING A/S
MIDDELFART SPILDEVAND HOLDING A/S (CVR number: 32264271K) is a company from MIDDELFART. The company reported a net sales of 91.6 mDKK in 2024, demonstrating a growth of 4.4 % compared to the previous year. The operating profit percentage was at 15.2 % (EBIT: 14 mDKK), while net earnings were 15.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 1.1 %, which can be considered weak and Return on Equity (ROE) was 1.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 91.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MIDDELFART SPILDEVAND HOLDING A/S's liquidity measured by quick ratio was 2.5 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 81.63 | 83.59 | 94.62 | 87.79 | 91.64 |
Gross profit | 64.01 | 69.38 | 81.65 | 68.55 | 74.70 |
EBIT | 6.77 | 17.10 | 23.33 | 11.35 | 13.97 |
Net earnings | 3.42 | 11.93 | 19.62 | 8.09 | 15.76 |
Shareholders equity total | 1 269.83 | 1 281.76 | 1 301.38 | 1 309.47 | 1 325.23 |
Balance sheet total (assets) | 1 454.95 | 1 461.80 | 1 462.14 | 1 445.22 | 1 448.64 |
Net debt | 128.49 | 101.32 | 87.21 | 69.50 | 62.15 |
Profitability | |||||
EBIT-% | 8.3 % | 20.5 % | 24.7 % | 12.9 % | 15.2 % |
ROA | 0.5 % | 1.2 % | 1.6 % | 0.8 % | 1.1 % |
ROE | 0.3 % | 0.9 % | 1.5 % | 0.6 % | 1.2 % |
ROI | 0.5 % | 1.2 % | 1.6 % | 0.8 % | 1.1 % |
Economic value added (EVA) | -65.58 | -54.99 | -48.96 | -61.18 | -52.70 |
Solvency | |||||
Equity ratio | 87.3 % | 87.7 % | 89.0 % | 90.6 % | 91.5 % |
Gearing | 12.9 % | 12.2 % | 10.7 % | 8.4 % | 7.7 % |
Relative net indebtedness % | 182.3 % | 147.8 % | 112.0 % | 106.4 % | 88.6 % |
Liquidity | |||||
Quick ratio | 1.8 | 1.6 | 2.6 | 2.2 | 2.5 |
Current ratio | 1.8 | 1.6 | 2.6 | 2.2 | 2.5 |
Cash and cash equivalents | 35.50 | 54.85 | 52.50 | 40.54 | 40.16 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 25.9 | 13.8 | 55.3 | 47.3 | 31.6 |
Net working capital % | 23.9 % | 27.8 % | 45.7 % | 36.0 % | 37.1 % |
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AAA | AAA |
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