MICHAEL RODE MADSEN HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MICHAEL RODE MADSEN HOLDING A/S
MICHAEL RODE MADSEN HOLDING A/S (CVR number: 28105479) is a company from HADERSLEV. The company recorded a gross profit of -6.7 kDKK in 2023. The operating profit was -6.7 kDKK, while net earnings were 4670.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.2 %, which can be considered decent and Return on Equity (ROE) was 4.5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 99.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MICHAEL RODE MADSEN HOLDING A/S's liquidity measured by quick ratio was 81.3 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -8.90 | -6.71 | -20.58 | -8.73 | -6.70 |
EBIT | -8.90 | -6.71 | -20.58 | -8.73 | -6.70 |
Net earnings | 9 057.98 | 10 624.24 | 15 002.34 | 6 821.42 | 4 670.25 |
Shareholders equity total | 66 007.50 | 75 845.32 | 94 435.40 | 102 140.68 | 105 427.58 |
Balance sheet total (assets) | 66 342.51 | 76 916.17 | 95 500.99 | 102 721.41 | 106 338.89 |
Net debt | -1 207.13 | - 517.50 | - 424.96 | - 483.12 | -1 079.83 |
Profitability | |||||
EBIT-% | |||||
ROA | 14.5 % | 14.9 % | 17.5 % | 7.0 % | 5.2 % |
ROE | 14.5 % | 15.0 % | 17.6 % | 6.9 % | 4.5 % |
ROI | 14.5 % | 14.9 % | 17.5 % | 7.0 % | 5.2 % |
Economic value added (EVA) | 2 783.02 | 3 114.67 | 3 610.30 | 4 497.44 | -3 166.60 |
Solvency | |||||
Equity ratio | 99.5 % | 98.6 % | 98.9 % | 99.4 % | 99.1 % |
Gearing | 0.5 % | 1.4 % | 1.1 % | 0.5 % | 0.9 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 4.9 | 2.1 | 2.6 | 123.7 | 81.3 |
Current ratio | 4.9 | 2.1 | 2.6 | 123.7 | 81.3 |
Cash and cash equivalents | 1 542.15 | 1 588.34 | 1 490.55 | 967.91 | 1 983.04 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | A | A | A |
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