SOLSKOV MINKFARM A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SOLSKOV MINKFARM A/S
SOLSKOV MINKFARM A/S (CVR number: 33771355) is a company from HEDENSTED. The company recorded a gross profit of -1362.8 kDKK in 2023. The operating profit was 12.2 mDKK, while net earnings were 14.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 23 %, which can be considered excellent and Return on Equity (ROE) was 24.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 92.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. SOLSKOV MINKFARM A/S's liquidity measured by quick ratio was 12.6 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -2 956.00 | -5 757.00 | 54.00 | -1 342.00 | -1 362.85 |
EBIT | -3 397.00 | 1 534.00 | 17 403.00 | 6 262.00 | 12 207.96 |
Net earnings | -1 792.00 | 1 900.00 | 17 678.00 | 8 205.00 | 14 567.82 |
Shareholders equity total | 24 900.00 | 26 801.00 | 44 479.00 | 52 732.06 | 67 299.89 |
Balance sheet total (assets) | 31 111.00 | 33 505.00 | 49 860.00 | 57 795.00 | 72 522.93 |
Net debt | 65.00 | 379.00 | 23.00 | 69.52 | 25.28 |
Profitability | |||||
EBIT-% | |||||
ROA | -6.5 % | 7.9 % | 44.1 % | 16.0 % | 23.0 % |
ROE | -6.9 % | 7.3 % | 49.6 % | 16.9 % | 24.3 % |
ROI | -8.0 % | 9.7 % | 51.1 % | 17.7 % | 24.9 % |
Economic value added (EVA) | -4 049.94 | -9.18 | 15 639.24 | 3 935.93 | 9 446.64 |
Solvency | |||||
Equity ratio | 80.0 % | 80.0 % | 89.2 % | 91.2 % | 92.8 % |
Gearing | 0.3 % | 1.4 % | 0.1 % | 0.1 % | 0.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 3.1 | 2.7 | 7.9 | 10.2 | 12.6 |
Current ratio | 5.4 | 5.1 | 9.3 | 11.4 | 13.9 |
Cash and cash equivalents | |||||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | B |
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