A/S MICHELSEN & RASMUSSEN — Credit Rating and Financial Key Figures

CVR number: 21100803
Center Boulevard 5, 2300 København S
info@michelsensko.dk
tel: 36440511

Credit rating

Company information

Official name
A/S MICHELSEN & RASMUSSEN
Personnel
4 persons
Established
1998
Company form
Limited company
Industry
  • Expand more icon46Wholesale trade, except of motor vehicles and motorcycles

About A/S MICHELSEN & RASMUSSEN

A/S MICHELSEN & RASMUSSEN (CVR number: 21100803) is a company from KØBENHAVN. The company recorded a gross profit of 1633.6 kDKK in 2024. The operating profit was 215.9 kDKK, while net earnings were 140.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.6 %, which can be considered good and Return on Equity (ROE) was 8.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 81.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. A/S MICHELSEN & RASMUSSEN's liquidity measured by quick ratio was 4.8 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit1 883.321 646.632 229.721 815.871 633.63
EBIT437.68251.18832.88396.61215.89
Net earnings342.12202.69645.77283.16140.72
Shareholders equity total991.281 194.081 839.841 523.001 663.78
Balance sheet total (assets)1 864.682 065.242 380.132 016.412 046.84
Net debt283.73275.56- 647.23-1 036.49- 680.54
Profitability
EBIT-%
ROA26.6 %15.4 %38.4 %18.2 %11.6 %
ROE37.2 %18.6 %42.6 %16.8 %8.8 %
ROI39.9 %21.2 %45.7 %21.1 %14.1 %
Economic value added (EVA)267.73116.44567.35171.1347.82
Solvency
Equity ratio53.2 %57.8 %77.3 %75.7 %81.3 %
Gearing28.7 %23.3 %18.4 %5.9 %3.8 %
Relative net indebtedness %
Liquidity
Quick ratio0.11.93.23.44.8
Current ratio0.42.44.13.85.1
Cash and cash equivalents1.152.13984.881 126.56743.80
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBABBBBBB

Variable visualization

ROA:11.6%
Rating: 61/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:81.3%
Rating: 60/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

Companies in the same industry

Build time: 2025-05-13T12:17:44.247Z

Try the full version of our system for free
Bankruptcy risk visualization example

... and more!

No registration needed.