MICHAEL OLSEN HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MICHAEL OLSEN HOLDING A/S
MICHAEL OLSEN HOLDING A/S (CVR number: 16882534) is a company from HERLEV. The company recorded a gross profit of -13.5 kDKK in 2024. The operating profit was -13.5 kDKK, while net earnings were 631.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5 %, which can be considered decent and Return on Equity (ROE) was 4.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 99.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MICHAEL OLSEN HOLDING A/S's liquidity measured by quick ratio was 73.9 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -9.62 | -16.88 | -27.31 | -24.80 | -13.50 |
| EBIT | -9.62 | -16.88 | -27.31 | -24.80 | -13.50 |
| Net earnings | 1 645.46 | 1 280.19 | 882.86 | 823.15 | 631.24 |
| Shareholders equity total | 14 349.06 | 14 259.39 | 14 292.24 | 12 865.40 | 13 096.64 |
| Balance sheet total (assets) | 14 843.04 | 15 550.40 | 14 415.89 | 13 241.90 | 13 199.66 |
| Net debt | -1 001.63 | 1 098.46 | -24.62 | -77.67 | -1 210.65 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 10.8 % | 8.5 % | 6.1 % | 6.1 % | 5.0 % |
| ROE | 11.0 % | 8.9 % | 6.2 % | 6.1 % | 4.9 % |
| ROI | 11.1 % | 8.6 % | 6.2 % | 6.2 % | 5.0 % |
| Economic value added (EVA) | - 467.02 | 608.87 | 578.38 | 273.98 | 331.53 |
| Solvency | |||||
| Equity ratio | 96.7 % | 91.7 % | 99.1 % | 97.2 % | 99.2 % |
| Gearing | 1.0 % | 8.5 % | 0.0 % | ||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 3.2 | 0.8 | 8.4 | 3.1 | 73.9 |
| Current ratio | 3.2 | 0.8 | 8.4 | 3.1 | 73.9 |
| Cash and cash equivalents | 1 139.09 | 109.49 | 24.62 | 77.67 | 1 217.02 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | A | A | A | A |
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