Michelsen Mark ApS — Credit Rating and Financial Key Figures

CVR number: 39181975
Fandrupvej 28, Fandrup 9640 Farsø

Company information

Official name
Michelsen Mark ApS
Established
2017
Domicile
Fandrup
Company form
Private limited company
Industry

About Michelsen Mark ApS

Michelsen Mark ApS (CVR number: 39181975) is a company from VESTHIMMERLANDS. The company recorded a gross profit of 3446.5 kDKK in 2023. The operating profit was 3266.7 kDKK, while net earnings were 2202.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.8 %, which can be considered good but Return on Equity (ROE) was 23.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 28.9 %, 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. Michelsen Mark ApS's liquidity measured by quick ratio was 0.2 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

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 profit2 195.043 080.093 110.573 167.383 446.53
EBIT2 108.822 970.472 997.233 016.613 266.73
Net earnings1 061.911 953.942 111.183 330.642 202.93
Shareholders equity total979.222 933.165 044.348 374.9810 577.91
Balance sheet total (assets)23 847.5019 224.7124 546.5124 307.8836 615.84
Net debt12 261.2514 089.3318 589.6412 291.9022 672.77
Profitability
EBIT-%
ROA9.9 %13.8 %13.7 %19.7 %10.8 %
ROE10.8 %99.9 %52.9 %49.6 %23.2 %
ROI27.3 %18.1 %14.5 %21.4 %12.0 %
Economic value added (EVA)1 680.921 450.571 443.031 172.141 699.18
Solvency
Equity ratio4.1 %15.3 %20.6 %34.5 %28.9 %
Gearing1463.1 %486.4 %368.5 %152.5 %214.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.70.50.20.20.2
Current ratio0.70.50.20.20.2
Cash and cash equivalents2 065.98177.07480.4229.94
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBAAAA

Variable visualization

ROA:10.8%
Rating: 59/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:28.9%
Rating: 25/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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