Meyers A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Meyers A/S
Meyers A/S (CVR number: 41810556) is a company from KØBENHAVN. The company reported a net sales of 301.7 mDKK in 2023, demonstrating a growth of 9.7 % compared to the previous year. The operating profit percentage was poor at -6.5 % (EBIT: -19.5 mDKK), while net earnings were -9985.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -5.8 %, which can be considered poor and Return on Equity (ROE) was -7.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 21.5 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Meyers A/S's liquidity measured by quick ratio was 0.7 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|
Volume | ||||
Net sales | 191.55 | 219.66 | 275.09 | 301.72 |
Gross profit | 69.64 | 85.96 | 96.51 | 111.86 |
EBIT | -34.15 | -36.32 | -20.84 | -19.47 |
Net earnings | -11.99 | -12.47 | -4.25 | -9.99 |
Shareholders equity total | 236.06 | 223.59 | 220.11 | 34.06 |
Balance sheet total (assets) | 342.25 | 343.59 | 345.11 | 160.02 |
Net debt | 43.54 | 40.98 | 72.37 | 67.13 |
Profitability | ||||
EBIT-% | -17.8 % | -16.5 % | -7.6 % | -6.5 % |
ROA | -5.5 % | -5.7 % | -2.4 % | -5.8 % |
ROE | -5.1 % | -5.4 % | -1.9 % | -7.9 % |
ROI | -6.2 % | -6.7 % | -2.9 % | -7.4 % |
Economic value added (EVA) | -26.37 | -24.64 | -10.29 | -6.84 |
Solvency | ||||
Equity ratio | 69.3 % | 65.4 % | 64.1 % | 21.5 % |
Gearing | 18.5 % | 18.4 % | 33.0 % | 208.5 % |
Relative net indebtedness % | 54.6 % | 54.6 % | 45.3 % | 40.3 % |
Liquidity | ||||
Quick ratio | 0.7 | 0.7 | 0.6 | 0.7 |
Current ratio | 0.8 | 0.7 | 0.7 | 0.8 |
Cash and cash equivalents | 0.09 | 0.14 | 0.29 | 3.89 |
Capital use efficiency | ||||
Trade debtors turnover (days) | 57.9 | 69.9 | 63.0 | 67.7 |
Net working capital % | -6.6 % | -11.7 % | -13.8 % | -9.5 % |
Credit risk | ||||
Credit rating | AA | A | A | A |
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