MGE Frederiksbro ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MGE Frederiksbro ApS
MGE Frederiksbro ApS (CVR number: 34072094) is a company from KØBENHAVN. The company reported a net sales of 78.9 mDKK in 2023, demonstrating a growth of 23 % compared to the previous year. The operating profit percentage was at 73.2 % (EBIT: 57.7 mDKK), while net earnings were 20 mDKK. The profitability of the company measured by Return on Assets (ROA) was 3 %, which can be considered weak but Return on Equity (ROE) was 4.5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 24.1 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. MGE Frederiksbro ApS's liquidity measured by quick ratio was 1.1 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 0.58 | 25.33 | 64.15 | 78.92 | |
Gross profit | -1.11 | -3.90 | 10.66 | 47.08 | 57.84 |
EBIT | -5.55 | -4.84 | 10.66 | 46.99 | 57.74 |
Net earnings | -25.89 | -39.32 | 82.97 | 40.18 | 19.97 |
Shareholders equity total | 203.66 | 164.34 | 391.31 | 431.48 | 451.46 |
Balance sheet total (assets) | 960.16 | 1 216.38 | 1 775.24 | 1 784.45 | 1 873.16 |
Net debt | 696.93 | 1 013.38 | 1 297.88 | 1 290.26 | 1 343.63 |
Profitability | |||||
EBIT-% | -831.6 % | 42.1 % | 73.3 % | 73.2 % | |
ROA | -0.8 % | -4.1 % | 8.0 % | 4.2 % | 3.0 % |
ROE | -25.1 % | -21.4 % | 29.9 % | 9.8 % | 4.5 % |
ROI | -0.9 % | -4.3 % | 8.2 % | 4.3 % | 3.0 % |
Economic value added (EVA) | -6.86 | -48.83 | -49.62 | -43.26 | -38.71 |
Solvency | |||||
Equity ratio | 21.2 % | 13.5 % | 22.0 % | 24.2 % | 24.1 % |
Gearing | 342.3 % | 617.0 % | 338.3 % | 299.2 % | 297.9 % |
Relative net indebtedness % | 180780.9 % | 5320.2 % | 2072.0 % | 1769.2 % | |
Liquidity | |||||
Quick ratio | 4.6 | 1.5 | 1.1 | 0.3 | 1.1 |
Current ratio | 4.6 | 1.5 | 1.1 | 0.3 | 1.1 |
Cash and cash equivalents | 0.14 | 0.62 | 26.03 | 0.55 | 1.18 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 0.2 | 5.2 | 2.5 | ||
Net working capital % | 5545.6 % | 66.9 % | -86.3 % | 11.4 % | |
Credit risk | |||||
Credit rating | BBB | BBB | AA | AA | AA |
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