DDN MIDDELFART ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About DDN MIDDELFART ApS
DDN MIDDELFART ApS (CVR number: 32789943) is a company from MIDDELFART. The company recorded a gross profit of 4917.3 kDKK in 2023. The operating profit was -308.1 kDKK, while net earnings were -284.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.7 %, which can be considered poor and Return on Equity (ROE) was -7.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 63.4 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. DDN MIDDELFART ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 4 671.38 | 4 176.70 | 4 968.26 | 6 907.80 | 4 917.32 |
EBIT | 433.34 | 293.27 | 24.20 | 1 081.12 | - 308.09 |
Net earnings | 287.78 | 283.91 | -82.56 | 690.69 | - 284.43 |
Shareholders equity total | 1 812.81 | 2 096.72 | 2 014.16 | 2 704.85 | 5 214.86 |
Balance sheet total (assets) | 6 589.24 | 7 955.22 | 8 464.13 | 10 170.14 | 12 960.51 |
Net debt | 2 307.13 | 2 932.58 | 2 667.74 | 4 364.90 | 4 516.01 |
Profitability | |||||
EBIT-% | |||||
ROA | 7.3 % | 5.4 % | -0.4 % | 11.1 % | -1.7 % |
ROE | 17.2 % | 14.5 % | -4.0 % | 29.3 % | -7.2 % |
ROI | 12.2 % | 8.1 % | -0.6 % | 16.0 % | -2.1 % |
Economic value added (EVA) | 396.76 | 259.06 | 42.12 | 861.33 | - 238.26 |
Solvency | |||||
Equity ratio | 27.8 % | 26.4 % | 23.8 % | 56.1 % | 63.4 % |
Gearing | 127.5 % | 141.6 % | 133.5 % | 178.8 % | 90.5 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.6 | 1.1 | 0.8 | 1.5 | 1.3 |
Current ratio | 1.1 | 2.2 | 1.7 | 3.8 | 3.1 |
Cash and cash equivalents | 4.45 | 36.00 | 20.48 | 471.02 | 205.76 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | BBB | BBB | A | A |
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