SOLE MINKFODER A/S — Credit Rating and Financial Key Figures

CVR number: 78577517
Kærvej 45, 8722 Hedensted
tel: 75852222

Credit rating

Company information

Official name
SOLE MINKFODER A/S
Personnel
7 persons
Established
1985
Company form
Limited company
Industry
  • Expand more icon10Manufacture of food products

About SOLE MINKFODER A/S

SOLE MINKFODER A/S (CVR number: 78577517) is a company from HEDENSTED. The company recorded a gross profit of -7371.5 kDKK in 2023. The operating profit was -12.4 mDKK, while net earnings were -12.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was -42.4 %, which can be considered poor and Return on Equity (ROE) was -634.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 4.3 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. SOLE MINKFODER A/S's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit21 635.0027 302.00-12 948.00-10 570.00-7 371.49
EBIT-1 872.006 394.00-15 047.00-16 608.00-12 369.73
Net earnings-4 691.001 641.00-11 976.00-13 638.00-12 780.62
Shareholders equity total26 877.0028 518.0016 542.002 904.581 123.96
Balance sheet total (assets)78 250.0043 183.0036 365.0031 637.0026 212.06
Net debt23 950.004 820.0014 067.0023 432.0022 653.53
Profitability
EBIT-%
ROA-4.6 %6.7 %-37.5 %-48.4 %-42.4 %
ROE-24.2 %5.9 %-53.2 %-140.3 %-634.5 %
ROI-7.5 %9.0 %-44.5 %-54.9 %-47.2 %
Economic value added (EVA)-1 895.215 045.84-12 803.13-13 493.18-9 113.12
Solvency
Equity ratio37.5 %66.0 %45.5 %9.2 %4.3 %
Gearing89.2 %17.0 %85.1 %807.0 %2016.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.30.90.70.50.5
Current ratio0.91.81.10.70.7
Cash and cash equivalents15.0016.0010.009.0011.99
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAABBBBBBBB

Variable visualization

ROA:-42.4%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:4.29%
Rating: 5/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member

Companies in the same industry

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