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MIKKEL S. CHRISTENSEN HOLDING APS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MIKKEL S. CHRISTENSEN HOLDING APS
MIKKEL S. CHRISTENSEN HOLDING APS (CVR number: 40836454) is a company from HORSENS. The company recorded a gross profit of -10 kDKK in 2024. The operating profit was -10 kDKK, while net earnings were -225.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -7.8 %, which can be considered poor and Return on Equity (ROE) was -30.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 35.9 %, 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. MIKKEL S. CHRISTENSEN HOLDING APS'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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -6.25 | -6.25 | -11.63 | -7.25 | -9.95 |
| EBIT | -6.25 | -6.25 | -11.63 | -7.25 | -9.95 |
| Net earnings | 224.05 | 80.05 | 406.51 | 411.20 | - 225.93 |
| Shareholders equity total | 415.11 | 438.66 | 787.97 | 889.17 | 602.24 |
| Balance sheet total (assets) | 683.16 | 566.95 | 2 817.49 | 2 262.04 | 1 679.05 |
| Net debt | 184.72 | -2.49 | 717.18 | 334.20 | -26.22 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 34.1 % | 13.7 % | 26.9 % | 19.6 % | -7.8 % |
| ROE | 54.0 % | 18.8 % | 66.3 % | 49.0 % | -30.3 % |
| ROI | 32.2 % | 14.7 % | 46.3 % | 35.9 % | -16.6 % |
| Economic value added (EVA) | -6.25 | -36.91 | -33.67 | -84.16 | -72.22 |
| Solvency | |||||
| Equity ratio | 60.8 % | 77.4 % | 28.0 % | 39.3 % | 35.9 % |
| Gearing | 47.0 % | 94.2 % | 39.4 % | ||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.1 | 0.3 | 0.0 | 0.0 | 0.7 |
| Current ratio | 0.1 | 0.3 | 0.0 | 0.0 | 0.7 |
| Cash and cash equivalents | 10.28 | 2.49 | 25.41 | 15.80 | 26.22 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BBB |
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