MICHAEL HOVE HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 31183278
Hasserishøj 13, 9000 Aalborg
tel: 29992071

Credit rating

Company information

Official name
MICHAEL HOVE HOLDING ApS
Personnel
2 persons
Established
2008
Company form
Private limited company
Industry

About MICHAEL HOVE HOLDING ApS

MICHAEL HOVE HOLDING ApS (CVR number: 31183278) is a company from AALBORG. The company recorded a gross profit of -652.2 kDKK in 2023. The operating profit was -1382.7 kDKK, while net earnings were 10 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6.5 %, which can be considered decent but Return on Equity (ROE) was 2.7 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 98.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MICHAEL HOVE HOLDING ApS's liquidity measured by quick ratio was 65.5 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-41.99- 744.55-68.39- 456.46- 652.23
EBIT-41.99- 744.55143.76-1 657.18-1 382.72
Net earnings9 259.2815 803.3617 532.74319 969.8210 045.19
Shareholders equity total30 614.0543 702.4148 335.15365 704.97369 935.17
Balance sheet total (assets)30 682.1144 510.6653 258.56365 842.49374 041.46
Net debt-3 323.22-10 494.33-9 611.45- 203 224.12- 246 768.08
Profitability
EBIT-%
ROA35.2 %42.4 %36.6 %166.7 %6.5 %
ROE35.5 %42.5 %38.1 %154.6 %2.7 %
ROI35.2 %42.9 %37.8 %167.7 %6.5 %
Economic value added (EVA)361.56- 114.671 057.02- 334.62-9 144.59
Solvency
Equity ratio99.8 %98.2 %90.8 %100.0 %98.9 %
Gearing0.0 %5.6 %
Relative net indebtedness %
Liquidity
Quick ratio50.013.03.01 682.565.5
Current ratio50.013.03.01 682.565.5
Cash and cash equivalents3 323.2210 509.1012 317.27203 224.12246 768.08
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAAAA

Variable visualization

ROA:6.49%
Rating: 47/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:98.9%
Rating: 83/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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