M.J. Grønbech & Sønner Holding A/S — Credit Rating and Financial Key Figures

CVR number: 43292668
Meterbuen 27 C, 2740 Skovlunde

Credit rating

Company information

Official name
M.J. Grønbech & Sønner Holding A/S
Personnel
2 persons
Established
2022
Company form
Limited company
Industry

About M.J. Grønbech & Sønner Holding A/S

M.J. Grønbech & Sønner Holding A/S (CVR number: 43292668K) is a company from BALLERUP. The company reported a net sales of 2361.7 mDKK in 2023, demonstrating a growth of 9.2 % compared to the previous year. The operating profit percentage was at 5.1 % (EBIT: 120.5 mDKK), while net earnings were 74 mDKK. The profitability of the company measured by Return on Assets (ROA) was 13.6 %, which can be considered good but Return on Equity (ROE) was 22.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 41.8 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. M.J. Grønbech & Sønner Holding A/S's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2021
2022
2023
Volume
Net sales1 826.022 162.432 361.67
Gross profit530.03619.92711.82
EBIT36.7173.58120.50
Net earnings16.8540.2174.00
Shareholders equity total324.07353.25421.66
Balance sheet total (assets)897.32964.721 009.09
Net debt154.99183.09101.52
Profitability
EBIT-%2.0 %3.4 %5.1 %
ROA4.6 %8.7 %13.6 %
ROE6.2 %14.1 %22.5 %
ROI6.3 %12.1 %19.1 %
Economic value added (EVA)23.8120.0755.71
Solvency
Equity ratio36.6 %37.5 %41.8 %
Gearing70.2 %69.3 %46.1 %
Relative net indebtedness %26.2 %24.4 %19.6 %
Liquidity
Quick ratio0.90.91.0
Current ratio1.11.11.2
Cash and cash equivalents72.3961.7192.71
Capital use efficiency
Trade debtors turnover (days)45.042.145.1
Net working capital %3.1 %3.1 %4.5 %
Credit risk
Credit ratingAAAAAAAAA

Variable visualization

ROA:13.6%
Rating: 64/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:41.8%
Rating: 34/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chief executive officer

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