MENETA Holding A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MENETA Holding A/S
MENETA Holding A/S (CVR number: 25673948K) is a company from ODENSE. The company reported a net sales of 1016.9 mDKK in 2023, demonstrating a growth of 0.2 % compared to the previous year. The operating profit percentage was at 9.9 % (EBIT: 101.1 mDKK), while net earnings were 78.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9.7 %, which can be considered good and Return on Equity (ROE) was 13.1 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 67.3 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. MENETA Holding A/S's liquidity measured by quick ratio was 1.2 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 720.64 | 689.09 | 967.09 | 1 014.97 | 1 016.87 |
Gross profit | 263.91 | 276.07 | 342.92 | 316.45 | 364.24 |
EBIT | 65.21 | 77.82 | 98.57 | 56.91 | 101.08 |
Net earnings | 50.69 | 57.46 | 85.25 | 34.52 | 78.94 |
Shareholders equity total | 471.99 | 505.50 | 606.60 | 697.00 | 723.39 |
Balance sheet total (assets) | 742.36 | 754.40 | 988.37 | 1 187.76 | 1 075.59 |
Net debt | 145.39 | 78.11 | |||
Profitability | |||||
EBIT-% | 9.0 % | 11.3 % | 10.2 % | 5.6 % | 9.9 % |
ROA | 9.4 % | 10.4 % | 11.3 % | 5.8 % | 9.7 % |
ROE | 11.3 % | 11.8 % | 15.3 % | 5.8 % | 13.1 % |
ROI | 9.4 % | 10.4 % | 11.3 % | 6.4 % | 11.5 % |
Economic value added (EVA) | 43.88 | 54.10 | 73.17 | 12.79 | 30.72 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 58.7 % | 67.3 % |
Gearing | 35.7 % | 22.3 % | |||
Relative net indebtedness % | 38.2 % | 26.4 % | |||
Liquidity | |||||
Quick ratio | 1.2 | 1.2 | |||
Current ratio | 1.9 | 2.2 | |||
Cash and cash equivalents | 103.15 | 82.89 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 87.6 | 71.1 | |||
Net working capital % | 34.0 % | 32.2 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AAA | AAA |
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