MICHELIN GUMMI COMPAGNI A/S — Credit Rating and Financial Key Figures

CVR number: 59960628
Marielystvej 21, 2000 Frederiksberg
tel: 43260701

Credit rating

Company information

Official name
MICHELIN GUMMI COMPAGNI A/S
Personnel
14 persons
Established
1927
Company form
Limited company
Industry

About MICHELIN GUMMI COMPAGNI A/S

MICHELIN GUMMI COMPAGNI A/S (CVR number: 59960628) is a company from FREDERIKSBERG. The company recorded a gross profit of 17.3 mDKK in 2024. The operating profit was 5124 kDKK, while net earnings were 3953 kDKK. The profitability of the company measured by Return on Assets (ROA) was 46.2 %, which can be considered excellent and Return on Equity (ROE) was 121.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 40.4 %, 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. MICHELIN GUMMI COMPAGNI A/S's liquidity measured by quick ratio was 1.7 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 077.0016 935.0014 675.0013 452.0017 280.00
EBIT2 461.004 024.002 327.001 918.005 124.00
Net earnings1 914.003 020.001 760.001 444.003 953.00
Shareholders equity total2 448.005 468.002 328.001 972.004 525.00
Balance sheet total (assets)8 038.0013 043.006 842.0011 013.0011 194.00
Net debt382.001 106.004 851.002 495.00
Profitability
EBIT-%
ROA20.8 %38.2 %23.4 %21.5 %46.2 %
ROE87.4 %76.3 %45.2 %67.2 %121.7 %
ROI31.5 %65.6 %45.0 %42.0 %74.1 %
Economic value added (EVA)1 372.342 879.291 469.091 346.093 658.56
Solvency
Equity ratio30.5 %41.9 %34.0 %17.9 %40.4 %
Gearing15.6 %20.2 %246.0 %55.1 %
Relative net indebtedness %
Liquidity
Quick ratio1.92.11.51.21.7
Current ratio1.92.11.51.21.7
Cash and cash equivalents
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:46.2%
Rating: 92/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:40.4%
Rating: 33/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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