FINN MEJER CHRISTENSEN ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FINN MEJER CHRISTENSEN ApS
FINN MEJER CHRISTENSEN ApS (CVR number: 29192065) is a company from HJØRRING. The company recorded a gross profit of 155.8 kDKK in 2023. The operating profit was -76 kDKK, while net earnings were -65.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -26.3 %, which can be considered poor and Return on Equity (ROE) was -72.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 21 %, 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. FINN MEJER CHRISTENSEN ApS's liquidity measured by quick ratio was 1.3 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 381.87 | 363.36 | 354.59 | 234.67 | 155.84 |
EBIT | -27.91 | -21.73 | -8.96 | 65.04 | -76.01 |
Net earnings | -23.73 | -18.72 | -7.18 | 53.03 | -65.23 |
Shareholders equity total | 95.29 | 76.57 | 69.39 | 122.42 | 57.20 |
Balance sheet total (assets) | 304.23 | 269.88 | 236.47 | 305.50 | 271.85 |
Net debt | 125.01 | 56.25 | 38.99 | - 142.24 | - 153.72 |
Profitability | |||||
EBIT-% | |||||
ROA | -8.9 % | -7.5 % | -3.5 % | 24.0 % | -26.3 % |
ROE | -22.1 % | -21.8 % | -9.8 % | 55.3 % | -72.6 % |
ROI | -13.5 % | -10.7 % | -5.0 % | 44.1 % | -84.6 % |
Economic value added (EVA) | -24.76 | -21.72 | -8.21 | 53.35 | -61.12 |
Solvency | |||||
Equity ratio | 31.3 % | 28.4 % | 29.3 % | 40.1 % | 21.0 % |
Gearing | 131.6 % | 141.8 % | 148.3 % | ||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.5 | 1.4 | 1.4 | 1.7 | 1.3 |
Current ratio | 1.5 | 1.4 | 1.4 | 1.7 | 1.3 |
Cash and cash equivalents | 0.37 | 52.29 | 63.91 | 142.24 | 153.72 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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