MIDTFJORD EL A/S — Credit Rating and Financial Key Figures

CVR number: 78872217
Limfjordsvej 10, 9670 Løgstør
info@midtfjordel.dk
tel: 98671933

Company information

Official name
MIDTFJORD EL A/S
Personnel
34 persons
Established
1985
Company form
Limited company
Industry

About MIDTFJORD EL A/S

MIDTFJORD EL A/S (CVR number: 78872217) is a company from VESTHIMMERLANDS. The company recorded a gross profit of 20 mDKK in 2024. The operating profit was 2197.2 kDKK, while net earnings were 1273.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.9 %, which can be considered good but Return on Equity (ROE) was 18.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 41.5 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. MIDTFJORD EL A/S's liquidity measured by quick ratio was 1.6 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit14 852.6216 578.6117 242.4016 082.9719 995.91
EBIT2 111.712 906.223 233.854 577.542 197.23
Net earnings1 594.862 454.663 010.882 455.081 273.37
Shareholders equity total2 297.343 952.015 362.896 217.977 491.34
Balance sheet total (assets)14 042.4317 307.0922 297.5018 831.9918 436.56
Net debt-1 473.80270.39-6 387.08-4 950.34-5 001.14
Profitability
EBIT-%
ROA18.6 %20.6 %19.7 %18.4 %11.9 %
ROE106.3 %78.6 %64.6 %42.4 %18.6 %
ROI39.7 %47.2 %46.0 %42.8 %23.2 %
Economic value added (EVA)1 586.982 247.302 357.733 577.771 717.36
Solvency
Equity ratio16.4 %22.8 %24.1 %33.0 %41.5 %
Gearing62.7 %35.3 %18.0 %16.2 %17.7 %
Relative net indebtedness %
Liquidity
Quick ratio1.01.21.21.31.6
Current ratio1.31.41.31.51.9
Cash and cash equivalents2 913.891 123.817 353.075 957.026 330.19
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBAA

Variable visualization

ROA:11.9%
Rating: 61/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:41.5%
Rating: 34/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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