MICHAEL NØRHOLM HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MICHAEL NØRHOLM HOLDING A/S
MICHAEL NØRHOLM HOLDING A/S (CVR number: 31879000) is a company from IKAST-BRANDE. The company recorded a gross profit of -2.9 kDKK in 2024. The operating profit was -2.9 kDKK, while net earnings were 759.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 12.6 %, which can be considered good and Return on Equity (ROE) was 14.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 84.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MICHAEL NØRHOLM HOLDING A/S's liquidity measured by quick ratio was 2.4 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -2.46 | -2.58 | -3.41 | -3.14 | -2.86 |
EBIT | -2.46 | -2.58 | -3.41 | -3.14 | -2.86 |
Net earnings | 183.60 | 529.66 | 594.82 | 746.97 | 759.58 |
Shareholders equity total | 3 032.82 | 3 505.98 | 4 043.60 | 4 731.67 | 5 430.26 |
Balance sheet total (assets) | 3 164.68 | 4 600.01 | 5 202.69 | 5 990.83 | 6 419.82 |
Net debt | -47.10 | 849.77 | 908.25 | 970.28 | 931.64 |
Profitability | |||||
EBIT-% | |||||
ROA | 6.0 % | 13.9 % | 12.4 % | 13.6 % | 12.6 % |
ROE | 6.2 % | 16.2 % | 15.8 % | 17.0 % | 14.9 % |
ROI | 6.3 % | 14.3 % | 12.7 % | 13.9 % | 12.8 % |
Economic value added (EVA) | - 148.34 | - 154.41 | - 229.72 | - 258.62 | - 294.97 |
Solvency | |||||
Equity ratio | 95.8 % | 76.2 % | 77.7 % | 79.0 % | 84.6 % |
Gearing | 28.9 % | 26.1 % | 23.2 % | 18.1 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 13.8 | 2.3 | 2.2 | 2.1 | 2.4 |
Current ratio | 13.8 | 2.3 | 2.2 | 2.1 | 2.4 |
Cash and cash equivalents | 47.10 | 164.43 | 147.70 | 128.68 | 51.85 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | A | A | A |
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