MZ DENMARK ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MZ DENMARK ApS
MZ DENMARK ApS (CVR number: 31252741) is a company from KØBENHAVN. The company reported a net sales of 171.1 mDKK in 2023, demonstrating a growth of 16.7 % compared to the previous year. The operating profit percentage was at 7.7 % (EBIT: 13.1 mDKK), while net earnings were 30.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 7 %, which can be considered decent but Return on Equity (ROE) was 13.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 72.7 %, 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 3.2 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 | 162.59 | 146.83 | 118.67 | 146.56 | 171.11 |
Gross profit | 135.71 | 118.27 | 107.37 | 135.17 | 158.76 |
EBIT | 8.85 | 6.12 | 8.50 | 11.19 | 13.13 |
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) | 169.39 | 192.88 | 213.68 | 283.65 | 333.91 |
Net debt | -18.36 | -33.69 | -9.65 | 19.02 | 31.90 |
Profitability | |||||
EBIT-% | 5.4 % | 4.2 % | 7.2 % | 7.6 % | 7.7 % |
ROA | 9.8 % | 6.3 % | 6.7 % | 7.3 % | 7.0 % |
ROE | 18.2 % | 16.4 % | 8.3 % | 14.7 % | 13.4 % |
ROI | 11.5 % | 7.3 % | 7.6 % | 8.3 % | 7.9 % |
Economic value added (EVA) | 0.26 | -2.95 | -2.43 | -1.55 | -3.27 |
Solvency | |||||
Equity ratio | 84.6 % | 86.5 % | 85.8 % | 74.3 % | 72.7 % |
Gearing | 2.2 % | 18.2 % | 21.5 % | ||
Relative net indebtedness % | 3.6 % | -6.3 % | 12.7 % | 35.6 % | 41.5 % |
Liquidity | |||||
Quick ratio | 5.5 | 6.4 | 6.2 | 3.4 | 3.2 |
Current ratio | 5.5 | 6.4 | 6.2 | 3.4 | 3.2 |
Cash and cash equivalents | 18.36 | 33.69 | 13.68 | 19.24 | 20.22 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 67.0 % | 89.9 % | 125.7 % | 118.6 % | 115.4 % |
Credit risk | |||||
Credit rating | A | AA | AA | AAA | AAA |
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