MIDTGÅRD INV ApS — Credit Rating and Financial Key Figures

CVR number: 65738112
Damhus 84, Askov 6600 Vejen
tel: 75172080

Credit rating

Company information

Official name
MIDTGÅRD INV ApS
Established
1981
Domicile
Askov
Company form
Private limited company
Industry

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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit74.97154.7547.1966.6592.98
EBIT67.62145.2939.6046.68- 407.98
Net earnings224.321 003.23155.85- 576.97- 213.13
Shareholders equity total1 043.352 046.582 202.432 150.151 937.02
Balance sheet total (assets)4 956.806 911.966 367.128 058.257 903.09
Net debt1 892.401 271.001 244.133 005.532 907.74
Profitability
EBIT-%
ROA8.3 %23.9 %4.8 %0.6 %2.4 %
ROE24.1 %64.9 %7.3 %-26.5 %-10.4 %
ROI8.6 %24.8 %4.9 %0.6 %2.4 %
Economic value added (EVA)- 183.70- 122.23- 303.29- 287.62- 857.18
Solvency
Equity ratio21.0 %29.6 %34.6 %26.7 %24.5 %
Gearing351.1 %229.0 %177.7 %175.6 %228.2 %
Relative net indebtedness %
Liquidity
Quick ratio0.91.31.60.80.6
Current ratio0.91.31.60.80.6
Cash and cash equivalents1 770.643 415.782 670.30771.071 511.83
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:2.36%
Rating: 32/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:24.5%
Rating: 22/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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