EJENDOMSSELSKABET MIITI ApS — Credit Rating and Financial Key Figures

CVR number: 12678460
Inspektørbakken 29, 3900 Nuuk

Credit rating

Company information

Official name
EJENDOMSSELSKABET MIITI ApS
Established
2012
Company form
Private limited company
Industry

About EJENDOMSSELSKABET MIITI ApS

EJENDOMSSELSKABET MIITI ApS (CVR number: 12678460) is a company from SERMERSOOQ. The company recorded a gross profit of 242 kDKK in 2023. The operating profit was -76.9 kDKK, while net earnings were -85 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.1 %, which can be considered poor and Return on Equity (ROE) was -20 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 9.8 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. EJENDOMSSELSKABET MIITI ApS's liquidity measured by quick ratio was 1.1 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 profit441.97440.00240.00231.00241.99
EBIT264.47263.0062.5053.50-76.94
Net earnings112.59127.00-28.474.50-84.98
Shareholders equity total363.85491.00463.00468.00383.10
Balance sheet total (assets)3 999.994 066.003 983.003 977.003 905.51
Net debt3 277.251 397.001 306.001 257.001 479.29
Profitability
EBIT-%
ROA6.7 %6.5 %2.3 %3.0 %-0.1 %
ROE36.6 %29.7 %-6.0 %1.0 %-20.0 %
ROI7.1 %7.0 %2.5 %3.2 %-0.1 %
Economic value added (EVA)66.9988.9828.4029.54-59.11
Solvency
Equity ratio9.1 %12.1 %11.6 %11.8 %9.8 %
Gearing936.8 %319.8 %345.8 %357.7 %501.9 %
Relative net indebtedness %
Liquidity
Quick ratio0.91.01.11.11.1
Current ratio0.91.01.11.11.1
Cash and cash equivalents131.50173.00295.00417.00443.65
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:-0.07%
Rating: 20/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:9.81%
Rating: 10/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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