Middleby Denmark Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Middleby Denmark Holding ApS
Middleby Denmark Holding ApS (CVR number: 39130181) is a company from AALBORG. The company recorded a gross profit of -188.9 kDKK in 2023. The operating profit was -188.9 kDKK, while net earnings were 4011.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.6 %, which can be considered weak and Return on Equity (ROE) was 2.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 34.7 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Middleby Denmark Holding ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -99.38 | - 164.74 | - 174.14 | - 226.06 | - 188.93 |
EBIT | -99.38 | - 164.74 | - 174.14 | - 226.06 | - 188.93 |
Net earnings | 29 394.07 | 18 122.00 | 11 997.38 | 6 362.04 | 4 011.25 |
Shareholders equity total | 105 527.30 | 123 649.30 | 135 646.68 | 142 008.73 | 146 019.98 |
Balance sheet total (assets) | 321 851.50 | 317 351.23 | 344 448.64 | 403 374.80 | 421 114.71 |
Net debt | 216 212.98 | 193 546.41 | 207 821.47 | 261 191.62 | 273 982.68 |
Profitability | |||||
EBIT-% | |||||
ROA | 10.7 % | 6.1 % | 4.0 % | 2.8 % | 3.6 % |
ROE | 32.4 % | 15.8 % | 9.3 % | 4.6 % | 2.8 % |
ROI | 10.7 % | 6.1 % | 4.0 % | 2.8 % | 3.6 % |
Economic value added (EVA) | 9 963.98 | 7 780.17 | 6 862.65 | 6 261.77 | 5 925.89 |
Solvency | |||||
Equity ratio | 32.8 % | 39.0 % | 39.4 % | 35.2 % | 34.7 % |
Gearing | 204.9 % | 156.6 % | 153.9 % | 183.9 % | 188.3 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 907.4 | 0.4 | 0.5 | 0.6 | |
Current ratio | 907.4 | 0.4 | 0.5 | 0.6 | |
Cash and cash equivalents | 46.22 | 55.00 | 900.48 | 2.17 | 997.22 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | A | AA | AA |
Variable visualization
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