MICHAEL GRUNDHOLM A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MICHAEL GRUNDHOLM A/S
MICHAEL GRUNDHOLM A/S (CVR number: 29308381) is a company from VEJLE. The company reported a net sales of 1 mDKK in 2022, demonstrating a growth of 98.5 % compared to the previous year. The operating profit percentage was at 82.9 % (EBIT: 0.8 mDKK), while net earnings were 1737.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.3 %, which can be considered good and Return on Equity (ROE) was 13.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 99.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MICHAEL GRUNDHOLM A/S's liquidity measured by quick ratio was 340.8 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 financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 762.80 | 640.43 | 464.64 | 500.55 | 993.45 |
Gross profit | 727.12 | 615.52 | 448.06 | 407.81 | 912.30 |
EBIT | 718.12 | 606.52 | 319.06 | 276.28 | 823.30 |
Net earnings | 1 078.93 | 1 006.26 | 1 826.50 | 676.11 | 1 737.25 |
Shareholders equity total | 10 631.85 | 11 143.78 | 11 870.28 | 12 046.39 | 13 483.64 |
Balance sheet total (assets) | 10 751.27 | 11 177.29 | 12 033.33 | 12 188.20 | 13 513.81 |
Net debt | -3 723.03 | -6 989.07 | -7 421.50 | -7 392.03 | -6 923.71 |
Profitability | |||||
EBIT-% | 94.1 % | 94.7 % | 68.7 % | 55.2 % | 82.9 % |
ROA | 12.0 % | 9.3 % | 17.1 % | 9.4 % | 14.3 % |
ROE | 10.6 % | 9.2 % | 15.9 % | 5.7 % | 13.6 % |
ROI | 12.1 % | 9.4 % | 17.2 % | 9.5 % | 14.4 % |
Economic value added (EVA) | 546.52 | 459.68 | 215.92 | 283.50 | 744.84 |
Solvency | |||||
Equity ratio | 98.9 % | 99.7 % | 98.6 % | 98.8 % | 99.8 % |
Gearing | 0.0 % | 0.0 % | |||
Relative net indebtedness % | -474.0 % | -1087.6 % | -1563.9 % | -1449.6 % | -694.5 % |
Liquidity | |||||
Quick ratio | 192.3 | 394.0 | 390.0 | 68.0 | 340.8 |
Current ratio | 192.3 | 394.0 | 390.0 | 68.0 | 340.8 |
Cash and cash equivalents | 3 723.03 | 6 989.07 | 7 421.50 | 7 397.61 | 6 929.29 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 503.6 % | 870.6 % | 682.0 % | 475.9 % | 366.1 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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