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 -129.3 kDKK in 2024. The operating profit was -129.3 kDKK, while net earnings were 16.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6.7 %, which can be considered decent but Return on Equity (ROE) was 10.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 37.2 %, 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | - 164.74 | - 174.14 | - 226.06 | - 188.93 | - 129.25 |
EBIT | - 164.74 | - 174.14 | - 226.06 | - 188.93 | - 129.25 |
Net earnings | 18 122.00 | 11 997.38 | 6 362.04 | 4 011.25 | 16 601.35 |
Shareholders equity total | 123 649.30 | 135 646.68 | 142 008.73 | 146 019.98 | 162 621.33 |
Balance sheet total (assets) | 317 351.23 | 344 448.64 | 403 374.80 | 421 114.71 | 437 160.60 |
Net debt | 193 546.41 | 207 821.47 | 261 191.62 | 273 982.68 | 273 972.29 |
Profitability | |||||
EBIT-% | |||||
ROA | 6.1 % | 4.0 % | 2.8 % | 3.6 % | 6.7 % |
ROE | 15.8 % | 9.3 % | 4.6 % | 2.8 % | 10.8 % |
ROI | 6.1 % | 4.0 % | 2.8 % | 3.6 % | 6.7 % |
Economic value added (EVA) | -16 298.27 | -16 077.68 | -17 480.85 | -20 408.29 | -21 256.06 |
Solvency | |||||
Equity ratio | 39.0 % | 39.4 % | 35.2 % | 34.7 % | 37.2 % |
Gearing | 156.6 % | 153.9 % | 183.9 % | 188.3 % | 168.8 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.4 | 0.5 | 0.6 | 0.6 | |
Current ratio | 0.4 | 0.5 | 0.6 | 0.6 | |
Cash and cash equivalents | 55.00 | 900.48 | 2.17 | 997.22 | 453.34 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | A | A | A |
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