MIT AUTOVÆRKSTED ApS — Credit Rating and Financial Key Figures

CVR number: 34735360
Katmosevej 1, 8800 Viborg

Credit rating

Company information

Official name
MIT AUTOVÆRKSTED ApS
Personnel
5 persons
Established
2012
Company form
Private limited company
Industry
  • Expand more icon953190

About MIT AUTOVÆRKSTED ApS

MIT AUTOVÆRKSTED ApS (CVR number: 34735360) is a company from VIBORG. The company recorded a gross profit of 3301.3 kDKK in 2023. The operating profit was 891.3 kDKK, while net earnings were 667.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 40.6 %, which can be considered excellent and Return on Equity (ROE) was 47 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 69.9 %, 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. MIT AUTOVÆRKSTED ApS's liquidity measured by quick ratio was 5.5 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit2 038.731 801.902 941.982 897.913 301.35
EBIT- 703.57- 278.11172.15148.97891.28
Net earnings- 548.50- 206.52150.49114.77667.61
Shareholders equity total1 253.281 046.771 197.261 162.021 679.63
Balance sheet total (assets)2 998.672 772.402 214.712 135.982 401.48
Net debt-97.84-23.73139.52- 297.92- 394.01
Profitability
EBIT-%
ROA-22.4 %-8.6 %8.1 %7.6 %40.6 %
ROE-35.9 %-18.0 %13.4 %9.7 %47.0 %
ROI-38.5 %-18.0 %14.3 %11.8 %55.2 %
Economic value added (EVA)- 638.76- 275.6199.5855.69605.20
Solvency
Equity ratio41.8 %37.8 %54.1 %54.4 %69.9 %
Gearing24.7 %15.6 %5.0 %
Relative net indebtedness %
Liquidity
Quick ratio0.60.71.41.45.5
Current ratio0.60.71.41.65.6
Cash and cash equivalents97.84282.0647.29356.25394.01
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:40.6%
Rating: 89/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:69.9%
Rating: 53/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

Companies in the same industry

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