Mikkelsen & Ludvigsen Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Mikkelsen & Ludvigsen Holding ApS
Mikkelsen & Ludvigsen Holding ApS (CVR number: 38124838) is a company from VEJLE. The company recorded a gross profit of -6.7 kDKK in 2023. The operating profit was -6.7 kDKK, while net earnings were 1809.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 22.4 %, which can be considered excellent and Return on Equity (ROE) was 23.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 90.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Mikkelsen & Ludvigsen Holding ApS's liquidity measured by quick ratio was 1.5 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -5.67 | -6.18 | -6.30 | -6.55 | -6.70 |
| EBIT | -5.67 | -6.18 | -6.30 | -6.55 | -6.70 |
| Net earnings | 1 564.40 | 2 442.07 | 2 139.18 | 3 908.76 | 1 809.59 |
| Shareholders equity total | 1 675.47 | 3 867.54 | 5 506.72 | 9 115.48 | 6 125.06 |
| Balance sheet total (assets) | 8 529.49 | 8 076.01 | 8 650.24 | 9 440.46 | 6 791.99 |
| Net debt | 6 699.24 | 3 911.34 | 2 531.61 | - 329.87 | - 316.24 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 20.2 % | 31.1 % | 26.6 % | 43.5 % | 22.4 % |
| ROE | 103.0 % | 88.1 % | 45.6 % | 53.5 % | 23.7 % |
| ROI | 20.3 % | 31.3 % | 27.6 % | 44.9 % | 23.3 % |
| Economic value added (EVA) | -8.31 | -11.57 | -12.80 | -14.68 | 4.04 |
| Solvency | |||||
| Equity ratio | 19.6 % | 47.9 % | 63.7 % | 96.6 % | 90.2 % |
| Gearing | 408.9 % | 105.4 % | 48.8 % | 2.2 % | 3.3 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 77.1 | 3.4 | 1.8 | 2.0 | 1.5 |
| Current ratio | 77.1 | 3.4 | 1.8 | 2.0 | 1.5 |
| Cash and cash equivalents | 151.04 | 164.02 | 156.46 | 525.85 | 520.69 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | A | A | A |
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