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MICHIGAN INVEST ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MICHIGAN INVEST ApS
MICHIGAN INVEST ApS (CVR number: 21592080) is a company from HØRSHOLM. The company recorded a gross profit of -102.3 kDKK in 2024. The operating profit was -673.8 kDKK, while net earnings were -6670.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.9 %, which can be considered good but Return on Equity (ROE) was -34.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 63 %, 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. MICHIGAN INVEST ApS's liquidity measured by quick ratio was 2.6 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | - 110.84 | - 113.45 | - 123.39 | - 108.17 | - 102.28 |
| EBIT | - 770.48 | - 768.22 | - 645.05 | - 733.75 | - 673.77 |
| Net earnings | 3 365.38 | 1 242.65 | 833.36 | 3 159.44 | -6 670.41 |
| Shareholders equity total | 17 954.30 | 19 176.95 | 20 010.31 | 22 869.75 | 15 899.34 |
| Balance sheet total (assets) | 23 254.37 | 24 715.22 | 25 665.98 | 29 223.33 | 25 226.50 |
| Net debt | 4 893.19 | 3 134.34 | -9 642.80 | -23 232.43 | -13 787.56 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 17.1 % | 10.7 % | 54.8 % | 23.4 % | 8.9 % |
| ROE | 20.7 % | 6.7 % | 4.3 % | 14.7 % | -34.4 % |
| ROI | 17.1 % | 10.8 % | 6.7 % | 22.9 % | 9.1 % |
| Economic value added (EVA) | -1 756.00 | -1 762.38 | -1 895.11 | -1 844.49 | -1 951.17 |
| Solvency | |||||
| Equity ratio | 77.2 % | 77.6 % | 78.0 % | 78.3 % | 63.0 % |
| Gearing | 28.9 % | 27.1 % | 27.1 % | 23.8 % | 56.6 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.1 | 0.4 | 2.7 | 4.5 | 2.6 |
| Current ratio | 0.1 | 0.4 | 2.7 | 4.5 | 2.6 |
| Cash and cash equivalents | 300.21 | 2 061.76 | 15 057.08 | 28 682.35 | 22 779.08 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | A | A | A | BBB |
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