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 5.1 mDKK in 2024, demonstrating a growth of -1846.9 % compared to the previous year. The operating profit percentage was at 92.2 % (EBIT: 4.7 mDKK), while net earnings were 5858.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 38.2 %, which can be considered excellent and Return on Equity (ROE) was 38.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 97.5 %, 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 79.5 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 464.64 | 500.55 | 993.45 | - 289.18 | 5 051.69 |
| Gross profit | 448.06 | 407.81 | 912.30 | - 373.38 | 4 665.79 |
| EBIT | 319.06 | 276.28 | 823.30 | - 382.38 | 4 656.79 |
| Net earnings | 1 826.50 | 676.11 | 1 737.25 | - 854.68 | 5 858.58 |
| Shareholders equity total | 11 870.28 | 12 046.39 | 13 483.64 | 12 511.16 | 17 607.61 |
| Balance sheet total (assets) | 12 033.33 | 12 188.20 | 13 513.81 | 12 596.88 | 18 064.72 |
| Net debt | -7 421.50 | -7 392.03 | -6 923.71 | -4 484.96 | -2 962.14 |
| Profitability | |||||
| EBIT-% | 68.7 % | 55.2 % | 82.9 % | 92.2 % | |
| ROA | 17.1 % | 9.4 % | 14.3 % | 1.5 % | 38.2 % |
| ROE | 15.9 % | 5.7 % | 13.6 % | -6.6 % | 38.9 % |
| ROI | 17.2 % | 9.5 % | 14.4 % | 1.5 % | 38.5 % |
| Economic value added (EVA) | - 264.17 | - 252.35 | 175.07 | -1 116.30 | 4 029.96 |
| Solvency | |||||
| Equity ratio | 98.6 % | 98.8 % | 99.8 % | 99.3 % | 97.5 % |
| Gearing | 0.0 % | 0.0 % | 0.0 % | 1.8 % | |
| Relative net indebtedness % | -1563.9 % | -1449.6 % | -694.5 % | 1523.9 % | -56.0 % |
| Liquidity | |||||
| Quick ratio | 390.0 | 68.0 | 340.8 | 835.2 | 79.5 |
| Current ratio | 390.0 | 68.0 | 340.8 | 835.2 | 79.5 |
| Cash and cash equivalents | 7 421.50 | 7 397.61 | 6 929.29 | 4 490.52 | 3 287.09 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | 682.0 % | 475.9 % | 366.1 % | -2197.7 % | 153.2 % |
| Credit risk | |||||
| Credit rating | A | A | A | BBB | A |
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