M. GOLDSCHMIDT EJD., RINGSTED ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About M. GOLDSCHMIDT EJD., RINGSTED ApS
M. GOLDSCHMIDT EJD., RINGSTED ApS (CVR number: 31764696) is a company from KØBENHAVN. The company reported a net sales of 36.3 mDKK in 2023, demonstrating a growth of 3.6 % compared to the previous year. The operating profit percentage was poor at -11.7 % (EBIT: -4.3 mDKK), while net earnings were -1857.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.5 %, which can be considered poor and Return on Equity (ROE) was -1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 27.7 %, 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. M. GOLDSCHMIDT EJD., RINGSTED ApS's liquidity measured by quick ratio was 2.8 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 32.52 | 33.10 | 33.78 | 35.03 | 36.30 |
Gross profit | 24.36 | 24.48 | 24.83 | 25.21 | 26.40 |
EBIT | 26.37 | 61.21 | 48.68 | 19.73 | -4.26 |
Net earnings | 21.69 | 48.81 | 38.88 | 16.41 | -1.86 |
Shareholders equity total | 154.48 | 189.89 | 184.76 | 189.27 | 187.41 |
Balance sheet total (assets) | 594.90 | 680.78 | 684.92 | 685.99 | 677.21 |
Net debt | 385.07 | 424.92 | 423.78 | 422.69 | 419.52 |
Profitability | |||||
EBIT-% | 81.1 % | 184.9 % | 144.1 % | 56.3 % | -11.7 % |
ROA | 4.8 % | 9.7 % | 7.3 % | 2.9 % | -0.5 % |
ROE | 13.6 % | 28.3 % | 20.8 % | 8.8 % | -1.0 % |
ROI | 4.9 % | 9.9 % | 7.4 % | 3.0 % | -0.5 % |
Economic value added (EVA) | -7.02 | 20.53 | 7.14 | -15.13 | -34.02 |
Solvency | |||||
Equity ratio | 26.0 % | 27.9 % | 27.0 % | 27.6 % | 27.7 % |
Gearing | 249.4 % | 223.8 % | 229.4 % | 223.4 % | 225.0 % |
Relative net indebtedness % | 1242.7 % | 1343.7 % | 1323.4 % | 1264.1 % | 1208.4 % |
Liquidity | |||||
Quick ratio | 2.1 | 4.7 | 1.4 | 1.4 | 2.8 |
Current ratio | 2.1 | 4.7 | 1.4 | 1.4 | 2.8 |
Cash and cash equivalents | 0.12 | 0.06 | 0.10 | 0.09 | 2.13 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 10.9 | 7.3 | 14.1 | 11.6 | 12.7 |
Net working capital % | 27.2 % | 116.3 % | 14.3 % | 12.6 % | 49.8 % |
Credit risk | |||||
Credit rating | AAA | AAA | AA | AAA | AA |
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