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MIT AUTOVÆRKSTED ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MIT AUTOVÆRKSTED ApS
MIT AUTOVÆRKSTED ApS (CVR number: 34735360) is a company from VIBORG. The company recorded a gross profit of 1334.1 kDKK in 2024. The operating profit was -334.4 kDKK, while net earnings were -188.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -14.4 %, which can be considered poor and Return on Equity (ROE) was -14.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 62.3 %, 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 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 1 801.90 | 2 941.98 | 2 897.91 | 3 301.35 | 1 334.12 |
| EBIT | - 278.11 | 172.15 | 148.97 | 891.28 | - 334.37 |
| Net earnings | - 206.52 | 150.49 | 114.77 | 667.61 | - 188.57 |
| Shareholders equity total | 1 046.77 | 1 197.26 | 1 162.02 | 1 679.63 | 991.06 |
| Balance sheet total (assets) | 2 772.40 | 2 214.71 | 2 135.98 | 2 401.48 | 1 590.58 |
| Net debt | -23.73 | 139.52 | - 297.92 | - 394.01 | -83.25 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -8.6 % | 8.1 % | 7.6 % | 40.6 % | -14.4 % |
| ROE | -18.0 % | 13.4 % | 9.7 % | 47.0 % | -14.1 % |
| ROI | -18.0 % | 14.3 % | 11.8 % | 58.4 % | -20.2 % |
| Economic value added (EVA) | - 288.77 | 78.12 | 43.24 | 580.14 | - 311.01 |
| Solvency | |||||
| Equity ratio | 37.8 % | 54.1 % | 54.4 % | 69.9 % | 62.3 % |
| Gearing | 24.7 % | 15.6 % | 5.0 % | ||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.7 | 1.4 | 1.4 | 5.5 | 2.5 |
| Current ratio | 0.7 | 1.4 | 1.6 | 5.6 | 2.6 |
| Cash and cash equivalents | 282.06 | 47.29 | 356.25 | 394.01 | 83.25 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | B | BBB | BBB | BBB | BBB |
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