MINIT DENMARK A/S — Credit Rating and Financial Key Figures

CVR number: 58264814
Skanderborgvej 13, 8362 Hørning
tel: 86922800
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Company information

Official name
MINIT DENMARK A/S
Personnel
1 person
Established
1962
Company form
Limited company
Industry

About MINIT DENMARK A/S

MINIT DENMARK A/S (CVR number: 58264814) is a company from SKANDERBORG. The company recorded a gross profit of 675.9 kDKK in 2023. The operating profit was 292.8 kDKK, while net earnings were 221.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 19.4 %, which can be considered excellent and Return on Equity (ROE) was 21.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 77.6 %, 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. MINIT DENMARK A/S'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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit855.13519.661 951.091 251.22675.89
EBIT388.9044.98- 145.01- 463.20292.79
Net earnings295.8011.09- 164.26- 208.09221.31
Shareholders equity total1 295.851 306.931 142.67934.591 155.89
Balance sheet total (assets)2 314.582 131.212 374.231 767.411 490.13
Net debt- 880.50- 545.36- 794.57- 298.29- 530.69
Profitability
EBIT-%
ROA17.5 %2.0 %-6.4 %-10.5 %19.4 %
ROE23.2 %0.9 %-13.4 %-20.0 %21.2 %
ROI27.1 %3.2 %-10.8 %-17.8 %28.1 %
Economic value added (EVA)279.5421.45- 151.11- 369.98204.15
Solvency
Equity ratio56.0 %61.3 %48.1 %52.9 %77.6 %
Gearing15.4 %0.7 %18.3 %16.5 %
Relative net indebtedness %
Liquidity
Quick ratio1.92.21.61.73.7
Current ratio1.92.21.71.83.7
Cash and cash equivalents1 080.62555.021 003.46452.49530.69
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingABBBBBBBBBA

Variable visualization

ROA:19.4%
Rating: 73/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:77.6%
Rating: 58/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board

Companies in the same industry

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