Modiform Nordic A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Modiform Nordic A/S
Modiform Nordic A/S (CVR number: 27560164) is a company from ODENSE. The company recorded a gross profit of 87.5 kEUR in 2023. The operating profit was -49.5 kEUR, while net earnings were -38.6 kEUR. The profitability of the company measured by Return on Assets (ROA) was -26.9 %, which can be considered poor and Return on Equity (ROE) was -24.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 85 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Modiform Nordic A/S's liquidity measured by quick ratio was 6.6 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 (kEUR)
EBIT (kEUR)
Profitability
Solidity
Key figures (kEUR)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 59.92 | 129.58 | 144.44 | 167.67 | 87.52 |
EBIT | -3.90 | 60.03 | 41.73 | 34.55 | -49.55 |
Net earnings | -3.06 | 46.41 | 31.62 | 26.67 | -38.62 |
Shareholders equity total | 104.65 | 151.06 | 149.08 | 175.75 | 137.13 |
Balance sheet total (assets) | 126.79 | 195.24 | 204.52 | 205.88 | 161.42 |
Net debt | -77.02 | -94.14 | - 133.06 | - 143.27 | -37.02 |
Profitability | |||||
EBIT-% | |||||
ROA | -3.1 % | 37.4 % | 20.9 % | 16.8 % | -26.9 % |
ROE | -2.9 % | 36.3 % | 21.1 % | 16.4 % | -24.7 % |
ROI | -3.7 % | 47.0 % | 27.9 % | 21.3 % | -31.6 % |
Economic value added (EVA) | -3.95 | 44.94 | 29.16 | 25.87 | -40.37 |
Solvency | |||||
Equity ratio | 82.5 % | 77.4 % | 72.9 % | 85.4 % | 85.0 % |
Gearing | |||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 5.7 | 4.4 | 3.7 | 6.8 | 6.6 |
Current ratio | 5.7 | 4.4 | 3.7 | 6.8 | 6.6 |
Cash and cash equivalents | 77.02 | 94.14 | 133.06 | 143.27 | 37.02 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | B | BB | BB | BB | B |
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