MIDTGÅRD INV ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MIDTGÅRD INV ApS
MIDTGÅRD INV ApS (CVR number: 65738112) is a company from VEJEN. The company recorded a gross profit of 93 kDKK in 2023. The operating profit was -408 kDKK, while net earnings were -213.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.4 %, which can be considered weak but Return on Equity (ROE) was -10.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 24.5 %, 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. MIDTGÅRD INV ApS's liquidity measured by quick ratio was 0.6 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 74.97 | 154.75 | 47.19 | 66.65 | 92.98 |
EBIT | 67.62 | 145.29 | 39.60 | 46.68 | - 407.98 |
Net earnings | 224.32 | 1 003.23 | 155.85 | - 576.97 | - 213.13 |
Shareholders equity total | 1 043.35 | 2 046.58 | 2 202.43 | 2 150.15 | 1 937.02 |
Balance sheet total (assets) | 4 956.80 | 6 911.96 | 6 367.12 | 8 058.25 | 7 903.09 |
Net debt | 1 892.40 | 1 271.00 | 1 244.13 | 3 005.53 | 2 907.74 |
Profitability | |||||
EBIT-% | |||||
ROA | 8.3 % | 23.9 % | 4.8 % | 0.6 % | 2.4 % |
ROE | 24.1 % | 64.9 % | 7.3 % | -26.5 % | -10.4 % |
ROI | 8.6 % | 24.8 % | 4.9 % | 0.6 % | 2.4 % |
Economic value added (EVA) | - 183.70 | - 122.23 | - 303.29 | - 287.62 | - 857.18 |
Solvency | |||||
Equity ratio | 21.0 % | 29.6 % | 34.6 % | 26.7 % | 24.5 % |
Gearing | 351.1 % | 229.0 % | 177.7 % | 175.6 % | 228.2 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.9 | 1.3 | 1.6 | 0.8 | 0.6 |
Current ratio | 0.9 | 1.3 | 1.6 | 0.8 | 0.6 |
Cash and cash equivalents | 1 770.64 | 3 415.78 | 2 670.30 | 771.07 | 1 511.83 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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