MEJERIFORENINGEN DANISH DAIRY BOARD — Credit Rating and Financial Key Figures

CVR number: 26088100
Agro Food Park 13, 8200 Aarhus N
ddb@mejeri.dk
tel: 87312001

Company information

Official name
MEJERIFORENINGEN DANISH DAIRY BOARD
Personnel
29 persons
Established
2001
Industry

About MEJERIFORENINGEN DANISH DAIRY BOARD

MEJERIFORENINGEN DANISH DAIRY BOARD (CVR number: 26088100) is a company from AARHUS. The company reported a net sales of 101.5 mDKK in 2023, demonstrating a decline of -15.6 % compared to the previous year. The operating profit percentage was poor at -4.8 % (EBIT: -4.9 mDKK), while net earnings were 5889 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.5 %, which can be considered weak and Return on Equity (ROE) was 3.1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 85.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MEJERIFORENINGEN DANISH DAIRY BOARD's liquidity measured by quick ratio was 3.7 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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales120.61110.01110.18120.26101.52
Gross profit120.61110.01110.1814.859.92
EBIT120.61110.01110.181.45-4.85
Net earnings11.611.139.83-0.685.89
Shareholders equity total174.47175.59185.43184.74190.63
Balance sheet total (assets)203.69210.33226.17236.59235.75
Net debt-18.45-13.76
Profitability
EBIT-%100.0 %100.0 %100.0 %1.2 %-4.8 %
ROA59.1 %53.1 %50.5 %-0.3 %2.5 %
ROE6.9 %0.6 %5.4 %-0.4 %3.1 %
ROI71.4 %62.7 %61.0 %-0.3 %3.2 %
Economic value added (EVA)112.95101.24101.36-7.87-12.78
Solvency
Equity ratio42.9 %41.8 %41.0 %82.8 %85.5 %
Gearing
Relative net indebtedness %23.9 %31.3 %37.0 %27.8 %30.9 %
Liquidity
Quick ratio4.24.13.84.33.7
Current ratio4.24.13.83.22.6
Cash and cash equivalents18.4513.76
Capital use efficiency
Trade debtors turnover (days)7.51.3
Net working capital %77.2 %98.2 %104.3 %94.5 %71.9 %
Credit risk
Credit ratingAAAAAAA

Variable visualization

ROA:2.51%
Rating: 33/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:85.5%
Rating: 65/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Chairman of the board

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