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Palle Mikkelsen Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Palle Mikkelsen Holding ApS
Palle Mikkelsen Holding ApS (CVR number: 41208899) is a company from NORDDJURS. The company reported a net sales of 0.1 mDKK in 2024, demonstrating a growth of 19.4 % compared to the previous year. The operating profit percentage was at 92.5 % (EBIT: 0.1 mDKK), while net earnings were 69.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21.9 %, which can be considered excellent and Return on Equity (ROE) was 25.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 68.7 %, 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. Palle Mikkelsen Holding ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 66.67 | 79.60 | |||
| Gross profit | -8.97 | -4.38 | -4.81 | 62.48 | 73.61 |
| EBIT | -8.97 | -4.38 | -4.81 | 62.48 | 73.61 |
| Net earnings | -25.25 | 77.65 | 84.49 | 62.48 | 69.26 |
| Shareholders equity total | 14.74 | 92.39 | 176.88 | 239.36 | 308.63 |
| Balance sheet total (assets) | 200.68 | 210.65 | 250.12 | 242.60 | 449.33 |
| Net debt | 182.06 | 104.41 | 59.92 | -2.60 | -16.02 |
| Profitability | |||||
| EBIT-% | 93.7 % | 92.5 % | |||
| ROA | -4.5 % | 43.6 % | 39.6 % | 25.4 % | 21.9 % |
| ROE | -171.3 % | 144.9 % | 62.8 % | 30.0 % | 25.3 % |
| ROI | -4.5 % | 44.3 % | 40.1 % | 25.7 % | 27.7 % |
| Economic value added (EVA) | -8.97 | -14.30 | -15.24 | 50.07 | 61.58 |
| Solvency | |||||
| Equity ratio | 7.3 % | 43.9 % | 70.7 % | 98.7 % | 68.7 % |
| Gearing | 1239.3 % | 124.5 % | 39.6 % | ||
| Relative net indebtedness % | 1.0 % | 156.6 % | |||
| Liquidity | |||||
| Quick ratio | 0.0 | 0.1 | 0.1 | 0.8 | 0.6 |
| Current ratio | 0.0 | 0.1 | 0.1 | 0.8 | 0.6 |
| Cash and cash equivalents | 0.68 | 10.64 | 10.12 | 2.60 | 16.02 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | -1.0 % | -75.8 % | |||
| Credit risk | |||||
| Credit rating | BBB | A | A | A | A |
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