M. GRUNNET HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About M. GRUNNET HOLDING A/S
M. GRUNNET HOLDING A/S (CVR number: 35046062K) is a company from KØBENHAVN. The company reported a net sales of 715.8 mDKK in 2024, demonstrating a growth of 18.8 % compared to the previous year. The operating profit percentage was at 7.6 % (EBIT: 54.2 mDKK), while net earnings were 405.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 29.5 %, which can be considered excellent and Return on Equity (ROE) was 31.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 85.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. M. GRUNNET HOLDING A/S's liquidity measured by quick ratio was 3.4 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 474.02 | 546.62 | 668.40 | 602.55 | 715.84 |
Gross profit | 175.61 | 203.64 | 234.36 | 228.38 | 250.11 |
EBIT | 6.10 | 43.81 | 66.21 | 59.69 | 54.22 |
Net earnings | 75.81 | 185.26 | 64.75 | 127.64 | 405.42 |
Shareholders equity total | 757.31 | 943.74 | 996.96 | 1 110.40 | 1 476.02 |
Balance sheet total (assets) | 1 002.10 | 1 232.17 | 1 275.96 | 1 357.67 | 1 734.98 |
Net debt | - 256.65 | - 472.05 | |||
Profitability | |||||
EBIT-% | 1.3 % | 8.0 % | 9.9 % | 9.9 % | 7.6 % |
ROA | 0.6 % | 3.9 % | 5.3 % | 12.2 % | 29.5 % |
ROE | 10.5 % | 21.8 % | 6.7 % | 12.1 % | 31.4 % |
ROI | 0.6 % | 3.9 % | 5.3 % | 12.8 % | 32.1 % |
Economic value added (EVA) | -28.67 | 5.76 | 18.79 | -6.80 | -25.33 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 81.9 % | 85.3 % |
Gearing | 10.7 % | 7.5 % | |||
Relative net indebtedness % | -21.6 % | -45.7 % | |||
Liquidity | |||||
Quick ratio | 2.4 | 3.4 | |||
Current ratio | 2.8 | 3.9 | |||
Cash and cash equivalents | 375.03 | 582.32 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 55.7 | 72.6 | |||
Net working capital % | 7.7 % | 16.9 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AAA | AAA |
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