MIDTJYSK BYG ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MIDTJYSK BYG ApS
MIDTJYSK BYG ApS (CVR number: 29808775) is a company from VIBORG. The company recorded a gross profit of 3255.7 kDKK in 2023. The operating profit was -120.4 kDKK, while net earnings were -111.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.4 %, which can be considered poor and Return on Equity (ROE) was -4.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 71.1 %, 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. MIDTJYSK BYG ApS's liquidity measured by quick ratio was 3.2 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 2 861.82 | 2 611.80 | 3 117.75 | 3 301.40 | 3 255.72 |
EBIT | 204.81 | 375.77 | 125.41 | 105.43 | - 120.41 |
Net earnings | 151.00 | 290.09 | 77.09 | 66.21 | - 111.88 |
Shareholders equity total | 1 951.52 | 2 241.61 | 2 318.70 | 2 384.92 | 2 273.04 |
Balance sheet total (assets) | 2 602.45 | 3 725.35 | 3 935.84 | 3 941.05 | 3 195.30 |
Net debt | -1 808.74 | -2 468.65 | -1 201.82 | -1 140.74 | - 542.37 |
Profitability | |||||
EBIT-% | |||||
ROA | 7.2 % | 11.9 % | 3.3 % | 2.7 % | -3.4 % |
ROE | 7.6 % | 13.8 % | 3.4 % | 2.8 % | -4.8 % |
ROI | 10.3 % | 17.9 % | 5.5 % | 4.5 % | -5.2 % |
Economic value added (EVA) | 153.33 | 291.04 | 97.65 | 16.40 | - 169.63 |
Solvency | |||||
Equity ratio | 75.0 % | 60.2 % | 58.9 % | 60.5 % | 71.1 % |
Gearing | 0.1 % | 0.1 % | 0.1 % | 0.1 % | 0.1 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 3.7 | 2.2 | 2.2 | 2.4 | 3.2 |
Current ratio | 3.8 | 2.2 | 2.2 | 2.4 | 3.2 |
Cash and cash equivalents | 1 810.94 | 2 470.85 | 1 204.02 | 1 142.94 | 544.57 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | A | BBB | BBB |
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