Magasin Odense A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Magasin Odense A/S
Magasin Odense A/S (CVR number: 13895031) is a company from KØBENHAVN. The company reported a net sales of 19.4 mDKK in 2024, demonstrating a growth of 1.6 % compared to the previous year. The operating profit percentage was at 238.6 % (EBIT: 46.4 mDKK), while net earnings were 30.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 11.5 %, which can be considered good but Return on Equity (ROE) was 17.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 44.5 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Magasin Odense A/S's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 16 773.00 | 16 729.00 | 18 326.00 | 19 125.00 | 19 427.00 |
| Gross profit | 15 797.00 | 15 849.00 | 15 889.00 | 18 195.00 | 18 487.00 |
| EBIT | -19 427.00 | 34 421.00 | 2 232.00 | 81 902.00 | 46 362.00 |
| Net earnings | -15 736.00 | 25 641.00 | 3 923.00 | 58 547.00 | 30 181.00 |
| Shareholders equity total | 184 659.00 | 210 301.00 | 110 895.00 | 160 442.00 | 180 623.00 |
| Balance sheet total (assets) | 326 721.00 | 360 030.00 | 350 719.00 | 412 477.00 | 405 682.00 |
| Net debt | 95 280.00 | 86 523.00 | 189 638.00 | 157 852.00 | 160 055.00 |
| Profitability | |||||
| EBIT-% | -115.8 % | 205.8 % | 12.2 % | 428.2 % | 238.6 % |
| ROA | -5.6 % | 10.0 % | 0.6 % | 21.5 % | 11.5 % |
| ROE | -8.2 % | 13.0 % | 2.4 % | 43.2 % | 17.7 % |
| ROI | -5.7 % | 10.1 % | 0.6 % | 21.8 % | 11.6 % |
| Economic value added (EVA) | -22 905.71 | 19 769.15 | -8 307.90 | 45 224.22 | 21 090.64 |
| Solvency | |||||
| Equity ratio | 56.5 % | 58.4 % | 31.6 % | 38.9 % | 44.5 % |
| Gearing | 51.7 % | 47.5 % | 182.5 % | 120.6 % | 91.8 % |
| Relative net indebtedness % | 627.3 % | 567.0 % | 1042.8 % | 876.2 % | 835.4 % |
| Liquidity | |||||
| Quick ratio | 0.1 | 6.3 | 1.2 | 1.1 | 0.7 |
| Current ratio | 0.1 | 6.3 | 1.2 | 1.1 | 0.7 |
| Cash and cash equivalents | 161.00 | 13 433.00 | 12 778.00 | 35 574.00 | 5 847.00 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 1.7 | 0.2 | 11.5 | ||
| Net working capital % | -23.7 % | 67.5 % | 12.5 % | 19.4 % | -16.1 % |
| Credit risk | |||||
| Credit rating | A | AA | AA | AAA | AA |
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