MAGIC ApS — Credit Rating and Financial Key Figures

CVR number: 28371292
Digtervænget 22, 8400 Ebeltoft
Bjarne@Glavind-Madsen.dk

Credit rating

Company information

Official name
MAGIC ApS
Personnel
3 persons
Established
2005
Company form
Private limited company
Industry

About MAGIC ApS

MAGIC ApS (CVR number: 28371292) is a company from SYDDJURS. The company recorded a gross profit of 1465.1 kDKK in 2023. The operating profit was 1067.8 kDKK, while net earnings were 1515.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8 %, which can be considered decent but Return on Equity (ROE) was 12.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 54.8 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. MAGIC ApS's liquidity measured by quick ratio was 0.8 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

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 profit1 944.101 113.451 383.271 419.851 465.07
EBIT559.11- 178.80918.081 097.511 067.76
Net earnings523.95- 276.98893.45811.411 515.77
Shareholders equity total11 938.8711 578.9412 387.6413 113.2511 504.02
Balance sheet total (assets)24 621.9224 412.1024 630.1525 130.7721 000.64
Net debt11 596.8511 720.5311 530.1111 068.898 061.89
Profitability
EBIT-%
ROA3.9 %0.0 %4.6 %4.7 %8.0 %
ROE4.5 %-2.4 %7.5 %6.4 %12.3 %
ROI4.1 %0.0 %4.7 %4.7 %8.1 %
Economic value added (EVA)338.46-1 124.64116.78207.34204.06
Solvency
Equity ratio48.5 %47.4 %50.3 %52.2 %54.8 %
Gearing98.1 %101.2 %93.1 %86.7 %76.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.30.00.00.10.8
Current ratio0.30.00.00.10.8
Cash and cash equivalents121.11299.59747.18
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAAAAA

Variable visualization

ROA:7.96%
Rating: 51/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:54.8%
Rating: 43/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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