MITCO ApS — Credit Rating and Financial Key Figures

CVR number: 55160619
Høkerboderne 8, 1712 København V
ct@mitco.as

Company information

Official name
MITCO ApS
Personnel
8 persons
Established
1975
Company form
Private limited company
Industry

About MITCO ApS

MITCO ApS (CVR number: 55160619K) is a company from KØBENHAVN. The company reported a net sales of 52.5 mDKK in 2018, demonstrating a growth of 29.6 % compared to the previous year. The operating profit percentage was poor at -64.4 % (EBIT: -33.8 mDKK), while net earnings were -23.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 0.6 %, which can be considered weak but Return on Equity (ROE) was -1.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 79.1 %, 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. MITCO ApS's liquidity measured by quick ratio was 2.3 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
2017
2018
Volume
Net sales40 494.0052 460.00
Gross profit1 673.005 638.00
EBIT-30 005.00-33 793.00
Net earnings38 954.00-23 630.00
Shareholders equity total1 293 149.001 269 519.00
Balance sheet total (assets)1 643 755.001 605 078.00
Net debt- 205 533.00- 190 822.00
Profitability
EBIT-%-74.1 %-64.4 %
ROA3.5 %0.6 %
ROE3.0 %-1.9 %
ROI3.6 %0.7 %
Economic value added (EVA)-24 750.96- 108 885.45
Solvency
Equity ratio78.7 %79.1 %
Gearing22.5 %22.3 %
Relative net indebtedness %-360.9 %-262.8 %
Liquidity
Quick ratio2.52.3
Current ratio2.52.3
Cash and cash equivalents496 761.00473 401.00
Capital use efficiency
Trade debtors turnover (days)14.94.7
Net working capital %-326.1 %-286.6 %
Credit risk
Credit ratingAAA

Variable visualization

ROA:0.63%
Rating: 23/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:79.1%
Rating: 59/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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