Credit rating
Company information
About MIDTJYSK FARVECENTER ApS
MIDTJYSK FARVECENTER ApS (CVR number: 28111800) is a company from HERNING. The company recorded a gross profit of -144.1 kDKK in 2023. The operating profit was -454 kDKK, while net earnings were -443.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -43.9 %, which can be considered poor and Return on Equity (ROE) was -90.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 33 %, 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. MIDTJYSK FARVECENTER ApS'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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 738.38 | 1 705.58 | - 357.72 | 58.92 | - 144.07 |
EBIT | 40.71 | 988.44 | - 847.01 | - 223.65 | - 453.98 |
Net earnings | 4.19 | 742.13 | - 857.56 | - 213.03 | - 443.52 |
Shareholders equity total | 1 298.03 | 1 990.15 | 1 032.59 | 709.56 | 266.04 |
Balance sheet total (assets) | 4 491.77 | 4 149.32 | 1 483.73 | 1 188.74 | 807.02 |
Net debt | 1 379.67 | 772.85 | -96.95 | - 253.81 | -6.05 |
Profitability | |||||
EBIT-% | |||||
ROA | 1.7 % | 23.6 % | -29.9 % | -15.7 % | -43.9 % |
ROE | 0.3 % | 45.1 % | -56.7 % | -24.5 % | -90.9 % |
ROI | 2.9 % | 37.3 % | -42.8 % | -20.9 % | -70.2 % |
Economic value added (EVA) | -40.74 | 706.15 | - 952.02 | - 270.67 | - 476.89 |
Solvency | |||||
Equity ratio | 28.9 % | 48.0 % | 69.6 % | 59.7 % | 33.0 % |
Gearing | 107.9 % | 39.2 % | 0.7 % | ||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.6 | 1.0 | 3.3 | 2.4 | 1.2 |
Current ratio | 1.3 | 1.8 | 4.1 | 2.9 | 1.5 |
Cash and cash equivalents | 21.52 | 7.95 | 96.95 | 253.81 | 7.84 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BBB | B | BB | B |
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