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MICHIGAN INVEST ApS — Credit Rating and Financial Key Figures

CVR number: 21592080
Slotsmarken 18, 2970 Hørsholm
jens.henriksen@yahoo.dk
tel: 40603777
Free credit report Annual report

Credit rating

Company information

Official name
MICHIGAN INVEST ApS
Personnel
1 person
Established
1999
Company form
Private limited company
Industry

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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
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 earnings3 365.381 242.65833.363 159.44-6 670.41
Shareholders equity total17 954.3019 176.9520 010.3122 869.7515 899.34
Balance sheet total (assets)23 254.3724 715.2225 665.9829 223.3325 226.50
Net debt4 893.193 134.34-9 642.80-23 232.43-13 787.56
Profitability
EBIT-%
ROA17.1 %10.7 %54.8 %23.4 %8.9 %
ROE20.7 %6.7 %4.3 %14.7 %-34.4 %
ROI17.1 %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 ratio77.2 %77.6 %78.0 %78.3 %63.0 %
Gearing28.9 %27.1 %27.1 %23.8 %56.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.10.42.74.52.6
Current ratio0.10.42.74.52.6
Cash and cash equivalents300.212 061.7615 057.0828 682.3522 779.08
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAABBB

Variable visualization

ROA:8.92%
Rating: 54/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:63.0%
Rating: 48/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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