MTG HOLDING A/S — Credit Rating and Financial Key Figures

CVR number: 26171164
Torneåvej 14, 7430 Ikast
rm@miltex.dk
tel: 20907588

Company information

Official name
MTG HOLDING A/S
Established
2001
Company form
Limited company
Industry

About MTG HOLDING A/S

MTG HOLDING A/S (CVR number: 26171164) is a company from IKAST-BRANDE. The company recorded a gross profit of -28 kDKK in 2023. The operating profit was -28 kDKK, while net earnings were 666.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 12.2 %, which can be considered good but Return on Equity (ROE) was 18.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 66.8 %, 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. MTG HOLDING A/S's liquidity measured by quick ratio was 1.4 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit86.5023.02140.17105.48-28.01
EBIT86.5023.02129.45100.27-28.01
Net earnings190.4411.88390.61452.02666.40
Shareholders equity total2 780.422 578.193 130.083 268.553 779.02
Balance sheet total (assets)5 019.404 360.738 916.075 430.545 659.87
Net debt339.76- 390.173 588.00- 621.15- 565.90
Profitability
EBIT-%
ROA4.8 %1.4 %8.3 %19.2 %12.2 %
ROE7.2 %0.4 %13.7 %14.1 %18.9 %
ROI4.9 %1.4 %8.6 %5.5 %12.6 %
Economic value added (EVA)143.46118.52190.5172.7272.31
Solvency
Equity ratio55.4 %59.1 %35.1 %60.2 %66.8 %
Gearing31.5 %24.0 %152.9 %37.6 %32.9 %
Relative net indebtedness %
Liquidity
Quick ratio0.71.50.41.41.4
Current ratio0.71.50.41.41.4
Cash and cash equivalents537.181 009.201 198.911 848.821 810.58
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBAAA

Variable visualization

ROA:12.2%
Rating: 62/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:66.8%
Rating: 51/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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