MARS DANMARK A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MARS DANMARK A/S
MARS DANMARK A/S (CVR number: 63203211) is a company from KØBENHAVN. The company reported a net sales of 602.6 mDKK in 2023, demonstrating a growth of 13.8 % compared to the previous year. The operating profit percentage was at 19.6 % (EBIT: 118.1 mDKK), while net earnings were 84.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 49.7 %, which can be considered excellent and Return on Equity (ROE) was 89.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 34.2 %, 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. MARS DANMARK A/S's liquidity measured by quick ratio was 2.5 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 | 468.59 | 481.42 | 498.37 | 529.71 | 602.60 |
Gross profit | 197.27 | 193.44 | 203.63 | 198.30 | 230.97 |
EBIT | 82.61 | 76.54 | 79.78 | 88.31 | 118.09 |
Net earnings | 63.06 | 58.75 | 62.53 | 68.91 | 84.09 |
Shareholders equity total | 114.61 | 118.36 | 80.89 | 94.80 | 93.89 |
Balance sheet total (assets) | 237.00 | 243.67 | 205.28 | 220.81 | 274.58 |
Net debt | 18.30 | 12.16 | |||
Profitability | |||||
EBIT-% | 17.6 % | 15.9 % | 16.0 % | 16.7 % | 19.6 % |
ROA | 37.3 % | 31.8 % | 35.5 % | 41.6 % | 49.7 % |
ROE | 59.7 % | 50.4 % | 62.8 % | 78.4 % | 89.1 % |
ROI | 45.2 % | 31.8 % | 35.5 % | 48.8 % | 65.6 % |
Economic value added (EVA) | 78.42 | 70.78 | 73.84 | 64.62 | 76.18 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 42.9 % | 34.2 % |
Gearing | 22.7 % | 34.9 % | |||
Relative net indebtedness % | 15.2 % | 11.6 % | |||
Liquidity | |||||
Quick ratio | 2.2 | 2.5 | |||
Current ratio | 2.7 | 3.1 | |||
Cash and cash equivalents | 3.21 | 20.64 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 18.8 | 31.4 | |||
Net working capital % | 24.4 % | 29.4 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AA | AA |
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