MIDGARD DENMARK K/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MIDGARD DENMARK K/S
MIDGARD DENMARK K/S (CVR number: 35838775) is a company from RUDERSDAL. The company recorded a gross profit of -3.5 kUSD in 2022. The operating profit was -3.5 kUSD, while net earnings were 17.5 kUSD. The profitability of the company measured by Return on Assets (ROA) was 5.2 %, which can be considered decent but Return on Equity (ROE) was 12.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 80.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MIDGARD DENMARK K/S's liquidity measured by quick ratio was 5.1 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 financialsGross profit (kUSD)
EBIT (kUSD)
Profitability
Solidity
Key figures (kUSD)
See financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -4.96 | -3.50 | -4.55 | -3.62 | -3.54 |
EBIT | -4.96 | -3.50 | -4.55 | -3.62 | -3.54 |
Net earnings | 15.20 | 16.18 | 15.24 | 18.09 | 17.52 |
Shareholders equity total | 84.23 | 100.41 | 115.65 | 133.73 | 151.26 |
Balance sheet total (assets) | 15 078.08 | 15 085.59 | 15 121.81 | 15 104.97 | 187.81 |
Net debt | 14 976.22 | 14 968.10 | 14 990.62 | 14 955.97 | 20.61 |
Profitability | |||||
EBIT-% | |||||
ROA | 6.5 % | 5.0 % | 4.6 % | 3.2 % | 5.2 % |
ROE | 19.8 % | 17.5 % | 14.1 % | 14.5 % | 12.3 % |
ROI | 6.5 % | 5.0 % | 4.6 % | 3.2 % | 5.2 % |
Economic value added (EVA) | -7.46 | -7.00 | -8.89 | -8.80 | -9.64 |
Solvency | |||||
Equity ratio | 0.6 % | 0.7 % | 0.8 % | 0.9 % | 80.5 % |
Gearing | 17797.7 % | 14920.9 % | 12973.1 % | 11192.5 % | 20.2 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.0 | 1.0 | 1.0 | 1.0 | 5.1 |
Current ratio | 1.0 | 1.0 | 1.0 | 1.0 | 5.1 |
Cash and cash equivalents | 14.63 | 14.07 | 12.54 | 12.27 | 9.94 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BB |
Variable visualization
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