Michael Serritzlew Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Michael Serritzlew Holding ApS
Michael Serritzlew Holding ApS (CVR number: 40115978) is a company from GRIBSKOV. The company recorded a gross profit of -12.4 kDKK in 2024. The operating profit was -12.4 kDKK, while net earnings were 505.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 24.5 %, which can be considered excellent and Return on Equity (ROE) was 33.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 70 %, 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. Michael Serritzlew Holding ApS's liquidity measured by quick ratio was 1.9 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -10.43 | -11.79 | -9.48 | -12.24 | -12.35 |
| EBIT | -32.27 | -33.63 | -31.32 | -34.08 | -12.35 |
| Net earnings | 76.69 | 23.55 | 298.88 | 60.12 | 505.26 |
| Shareholders equity total | 1 264.03 | 1 174.78 | 1 359.26 | 1 301.80 | 1 685.07 |
| Balance sheet total (assets) | 1 469.22 | 1 463.22 | 1 688.11 | 1 866.11 | 2 407.61 |
| Net debt | - 669.83 | - 595.20 | - 464.96 | - 322.30 | - 213.29 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 5.1 % | 1.7 % | 19.9 % | 4.2 % | 24.5 % |
| ROE | 6.0 % | 1.9 % | 23.6 % | 4.5 % | 33.8 % |
| ROI | 5.3 % | 1.8 % | 20.5 % | 4.4 % | 26.1 % |
| Economic value added (EVA) | - 100.76 | -93.42 | -99.06 | - 113.60 | -95.99 |
| Solvency | |||||
| Equity ratio | 86.0 % | 80.3 % | 80.5 % | 69.8 % | 70.0 % |
| Gearing | 6.4 % | 14.4 % | 21.9 % | 33.5 % | 32.4 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 4.6 | 3.2 | 2.6 | 2.3 | 1.9 |
| Current ratio | 4.6 | 3.2 | 2.6 | 2.3 | 1.9 |
| Cash and cash equivalents | 750.57 | 764.52 | 762.28 | 758.79 | 758.58 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BBB |
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