TAXA MIDT F.M.B.A. — Credit Rating and Financial Key Figures

CVR number: 38014110
Sakskøbingvej 8, 7400 Herning
booking@taxamidt.dk
tel: 97120777
taxamidt.dk

Credit rating

Company information

Official name
TAXA MIDT F.M.B.A.
Personnel
13 persons
Established
1938
Industry
  • Expand more icon52Warehousing and support activities for transportation

About TAXA MIDT F.M.B.A.

TAXA MIDT F.M.B.A. (CVR number: 38014110) is a company from HERNING. The company reported a net sales of 6.2 mDKK in 2023, demonstrating a growth of 6 % compared to the previous year. The operating profit percentage was at 7.5 % (EBIT: 0.5 mDKK), while net earnings were 461.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.6 %, which can be considered decent but Return on Equity (ROE) was 10.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 47.6 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. TAXA MIDT F.M.B.A.'s liquidity measured by quick ratio was 1.8 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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales6 219.846 446.435 509.335 825.836 176.81
Gross profit4 261.074 760.233 966.984 166.154 114.76
EBIT19.39621.38-17.10225.96460.32
Net earnings3.08593.96-50.76192.49461.31
Shareholders equity total2 959.133 616.543 627.044 028.434 732.76
Balance sheet total (assets)8 212.587 564.518 402.4510 071.069 936.68
Net debt231.02384.51-1 657.92- 398.83-1 867.31
Profitability
EBIT-%0.3 %9.6 %-0.3 %3.9 %7.5 %
ROA0.2 %7.9 %-0.2 %2.4 %4.6 %
ROE0.1 %18.1 %-1.4 %5.0 %10.5 %
ROI0.3 %9.2 %-0.3 %2.9 %5.3 %
Economic value added (EVA)32.25662.49-87.36295.44479.10
Solvency
Equity ratio36.0 %47.8 %43.2 %40.0 %47.6 %
Gearing135.5 %72.0 %92.4 %99.4 %92.5 %
Relative net indebtedness %23.7 %26.8 %-4.3 %28.2 %-16.9 %
Liquidity
Quick ratio1.41.91.71.61.8
Current ratio1.41.91.71.61.8
Cash and cash equivalents3 777.212 218.365 009.644 402.106 246.49
Capital use efficiency
Trade debtors turnover (days)157.0223.5150.0292.9162.3
Net working capital %29.0 %46.0 %55.0 %62.3 %64.2 %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:4.61%
Rating: 42/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:47.6%
Rating: 38/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member

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