MIKANIT ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MIKANIT ApS
MIKANIT ApS (CVR number: 31853028) is a company from ASSENS. The company reported a net sales of 1.6 mDKK in 2023, demonstrating a growth of 0.6 % compared to the previous year. The operating profit percentage was at 17.1 % (EBIT: 0.3 mDKK), while net earnings were 212.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 19.3 %, which can be considered excellent and Return on Equity (ROE) was 29 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 52.2 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. MIKANIT ApS's liquidity measured by quick ratio was 2.6 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 | 1 104.22 | 1 285.29 | 1 281.46 | 1 607.56 | 1 617.18 |
Gross profit | 1 060.16 | 1 212.57 | 1 237.12 | 1 546.31 | 1 565.36 |
EBIT | 55.75 | 113.32 | 156.78 | 227.80 | 277.30 |
Net earnings | 37.66 | 82.23 | 114.15 | 170.72 | 212.90 |
Shareholders equity total | 357.18 | 428.78 | 485.73 | 656.45 | 810.45 |
Balance sheet total (assets) | 950.56 | 1 114.34 | 1 302.49 | 1 327.07 | 1 551.14 |
Net debt | 84.30 | -41.16 | - 367.25 | - 242.52 | - 482.59 |
Profitability | |||||
EBIT-% | 5.0 % | 8.8 % | 12.2 % | 14.2 % | 17.1 % |
ROA | 5.8 % | 11.0 % | 13.0 % | 17.3 % | 19.3 % |
ROE | 10.5 % | 20.9 % | 25.0 % | 29.9 % | 29.0 % |
ROI | 7.3 % | 14.5 % | 18.9 % | 24.6 % | 25.8 % |
Economic value added (EVA) | 12.86 | 66.21 | 101.96 | 171.73 | 195.50 |
Solvency | |||||
Equity ratio | 37.6 % | 38.5 % | 37.3 % | 49.5 % | 52.2 % |
Gearing | 110.7 % | 88.6 % | 74.9 % | 53.0 % | 41.0 % |
Relative net indebtedness % | 25.6 % | 20.6 % | 6.7 % | 5.0 % | -4.6 % |
Liquidity | |||||
Quick ratio | 1.8 | 1.8 | 1.7 | 2.5 | 2.6 |
Current ratio | 1.8 | 1.8 | 1.7 | 2.5 | 2.6 |
Cash and cash equivalents | 311.25 | 420.92 | 731.16 | 590.54 | 814.70 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 15.9 | 38.8 | 10.6 | 11.3 | 14.1 |
Net working capital % | 14.6 % | 19.6 % | 21.5 % | 27.9 % | 37.0 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | A |
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