MZ DENMARK ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MZ DENMARK ApS
MZ DENMARK ApS (CVR number: 31252741K) is a company from KØBENHAVN. The company reported a net sales of 320.1 mDKK in 2023, demonstrating a growth of 6.9 % compared to the previous year. The operating profit percentage was at 7.6 % (EBIT: 24.5 mDKK), while net earnings were 30.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 8.4 %, which can be considered good and Return on Equity (ROE) was 13.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 79.3 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. MZ DENMARK ApS's liquidity measured by quick ratio was 4.9 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 | 302.51 | 282.58 | 240.32 | 299.42 | 320.11 |
Gross profit | 254.27 | 235.78 | 218.19 | 270.01 | 290.11 |
EBIT | 18.61 | 12.23 | 18.91 | 22.50 | 24.48 |
Net earnings | 23.98 | 25.48 | 14.53 | 28.91 | 30.45 |
Shareholders equity total | 143.22 | 166.80 | 183.33 | 210.64 | 242.68 |
Balance sheet total (assets) | 192.69 | 227.39 | 228.98 | 281.21 | 305.86 |
Net debt | -17.91 | -48.15 | -31.51 | -28.89 | -28.17 |
Profitability | |||||
EBIT-% | 6.2 % | 4.3 % | 7.9 % | 7.5 % | 7.6 % |
ROA | 10.5 % | 6.3 % | 8.3 % | 9.7 % | 8.4 % |
ROE | 18.2 % | 16.4 % | 8.3 % | 14.7 % | 13.4 % |
ROI | 13.7 % | 8.0 % | 10.2 % | 12.3 % | 10.7 % |
Economic value added (EVA) | 19.66 | 1.04 | 7.12 | 17.41 | 23.75 |
Solvency | |||||
Equity ratio | 74.3 % | 73.4 % | 80.1 % | 74.9 % | 79.3 % |
Gearing | 3.3 % | 7.0 % | |||
Relative net indebtedness % | 7.5 % | -1.1 % | 4.3 % | 12.6 % | 10.2 % |
Liquidity | |||||
Quick ratio | 3.1 | 3.3 | 4.8 | 4.0 | 4.9 |
Current ratio | 3.1 | 3.3 | 4.8 | 4.0 | 4.9 |
Cash and cash equivalents | 22.62 | 59.77 | 31.51 | 28.89 | 28.17 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 31.9 % | 46.5 % | 66.9 % | 66.4 % | 74.0 % |
Credit risk | |||||
Credit rating | AA | AAA | AA | AA | A |
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