MALERMESTER MICHAEL RASMUSSEN ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MALERMESTER MICHAEL RASMUSSEN ApS
MALERMESTER MICHAEL RASMUSSEN ApS (CVR number: 32322700) is a company from HOLBÆK. The company reported a net sales of 1.4 mDKK in 2023, demonstrating a decline of -29.7 % compared to the previous year. The operating profit percentage was poor at -3.9 % (EBIT: -0.1 mDKK), while net earnings were -33.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.6 %, which can be considered poor and Return on Equity (ROE) was -2.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 79 %, 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. MALERMESTER MICHAEL RASMUSSEN ApS's liquidity measured by quick ratio was 4.6 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 429.50 | 1 679.35 | 2 520.57 | 1 989.13 | 1 398.62 |
Gross profit | 757.48 | 930.60 | 1 203.65 | 915.15 | 921.17 |
EBIT | - 107.14 | 461.00 | 463.22 | 123.59 | -54.44 |
Net earnings | -84.43 | 357.92 | 354.11 | 164.49 | -33.22 |
Shareholders equity total | 487.04 | 844.96 | 1 199.06 | 1 363.55 | 1 271.43 |
Balance sheet total (assets) | 753.58 | 1 378.31 | 1 505.36 | 1 592.19 | 1 610.21 |
Net debt | - 242.03 | - 947.57 | -1 009.59 | -1 091.70 | -1 012.79 |
Profitability | |||||
EBIT-% | -7.5 % | 27.5 % | 18.4 % | 6.2 % | -3.9 % |
ROA | -13.4 % | 43.2 % | 32.1 % | 8.0 % | -2.6 % |
ROE | -16.0 % | 53.7 % | 34.6 % | 12.8 % | -2.5 % |
ROI | -17.8 % | 62.5 % | 42.3 % | 9.4 % | -3.2 % |
Economic value added (EVA) | -98.13 | 347.18 | 366.47 | 78.23 | -56.82 |
Solvency | |||||
Equity ratio | 64.6 % | 61.3 % | 79.7 % | 85.6 % | 79.0 % |
Gearing | |||||
Relative net indebtedness % | -3.3 % | -29.0 % | -30.8 % | -43.4 % | -48.2 % |
Liquidity | |||||
Quick ratio | 3.8 | 3.0 | 6.4 | 7.0 | 4.6 |
Current ratio | 3.8 | 3.0 | 6.4 | 7.0 | 4.6 |
Cash and cash equivalents | 242.03 | 947.57 | 1 009.59 | 1 091.70 | 1 012.79 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 61.7 | 71.7 | 66.8 | 37.4 | 30.6 |
Net working capital % | 37.4 % | 54.6 % | 50.4 % | 68.6 % | 88.2 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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