Multibelt A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Multibelt A/S
Multibelt A/S (CVR number: 36062967) is a company from HORSENS. The company recorded a gross profit of 402.8 kDKK in 2024. The operating profit was -77.9 kDKK, while net earnings were -74.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -6 %, which can be considered poor and Return on Equity (ROE) was -7.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 97.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Multibelt A/S's liquidity measured by quick ratio was 42 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 | -18.43 | 1 159.39 | 723.22 | 945.92 | 402.83 |
EBIT | -18.91 | 506.62 | -8.00 | 228.63 | -77.86 |
Net earnings | -10.86 | 389.67 | -11.34 | 185.48 | -74.66 |
Shareholders equity total | 501.99 | 891.65 | 880.31 | 1 065.79 | 991.13 |
Balance sheet total (assets) | 546.15 | 1 789.67 | 1 342.34 | 1 406.32 | 1 015.28 |
Net debt | - 469.33 | - 778.12 | - 595.51 | - 869.11 | - 979.78 |
Profitability | |||||
EBIT-% | |||||
ROA | -2.5 % | 43.4 % | -0.5 % | 17.3 % | -6.0 % |
ROE | -2.3 % | 55.9 % | -1.3 % | 19.1 % | -7.3 % |
ROI | -2.6 % | 66.4 % | -0.8 % | 23.4 % | -7.0 % |
Economic value added (EVA) | -38.01 | 368.03 | -56.33 | 129.41 | - 133.66 |
Solvency | |||||
Equity ratio | 91.9 % | 49.8 % | 65.6 % | 75.8 % | 97.6 % |
Gearing | 6.6 % | 11.1 % | 10.5 % | 0.0 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 12.2 | 2.0 | 2.9 | 4.1 | 42.0 |
Current ratio | 12.2 | 2.0 | 2.9 | 4.1 | 42.0 |
Cash and cash equivalents | 502.57 | 877.31 | 687.80 | 869.45 | 979.78 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BBB | BBB | BBB | BB |
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