MF Smidt ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MF Smidt ApS
MF Smidt ApS (CVR number: 39313103) is a company from BALLERUP. The company recorded a gross profit of 344.9 kDKK in 2023, demonstrating a growth of 16.4 % compared to the previous year. The operating profit was -131.7 kDKK, while net earnings were -122.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -72.6 %, which can be considered poor and Return on Equity (ROE) was -88.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 54.2 %, 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. MF Smidt ApS's liquidity measured by quick ratio was 1.6 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 703.05 | 451.20 | 698.91 | 804.41 | |
Gross profit | 247.76 | 122.22 | 343.62 | 296.24 | 344.87 |
EBIT | 127.57 | 18.00 | 90.61 | 69.15 | - 131.70 |
Net earnings | 99.51 | 14.04 | 70.68 | 53.41 | - 122.36 |
Shareholders equity total | 64.54 | 74.83 | 145.51 | 198.92 | 76.56 |
Balance sheet total (assets) | 73.95 | 75.23 | 165.45 | 221.64 | 141.26 |
Net debt | -52.60 | -71.23 | - 128.06 | -56.56 | -87.67 |
Profitability | |||||
EBIT-% | 18.1 % | 4.0 % | 13.0 % | 8.6 % | |
ROA | 319.1 % | 24.1 % | 75.3 % | 35.7 % | -72.6 % |
ROE | 200.0 % | 20.1 % | 64.2 % | 31.0 % | -88.8 % |
ROI | 754.8 % | 25.8 % | 82.2 % | 40.2 % | -94.7 % |
Economic value added (EVA) | 101.26 | 13.44 | 70.50 | 53.06 | - 128.71 |
Solvency | |||||
Equity ratio | 87.3 % | 99.5 % | 88.0 % | 89.7 % | 54.2 % |
Gearing | 3.5 % | ||||
Relative net indebtedness % | -6.1 % | -15.7 % | -15.5 % | -4.2 % | |
Liquidity | |||||
Quick ratio | 7.2 | 179.9 | 7.2 | 5.7 | 1.6 |
Current ratio | 7.9 | 190.0 | 8.3 | 9.8 | 1.8 |
Cash and cash equivalents | 52.60 | 71.23 | 128.06 | 56.56 | 90.38 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 7.6 | 18.0 | |||
Net working capital % | 9.2 % | 16.6 % | 20.8 % | 24.7 % | |
Credit risk | |||||
Credit rating | B | BB | BB | BB | B |
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