MEDTRONIC DANMARK A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MEDTRONIC DANMARK A/S
MEDTRONIC DANMARK A/S (CVR number: 18491370) is a company from KØBENHAVN. The company reported a net sales of 592.2 mDKK in 2023, demonstrating a growth of 1.7 % compared to the previous year. The operating profit percentage was at 3.9 % (EBIT: 23.1 mDKK), while net earnings were 17.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 8.4 %, which can be considered good and Return on Equity (ROE) was 14.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 37.3 %, 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. MEDTRONIC DANMARK A/S's liquidity measured by quick ratio was 1.8 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 602.48 | 552.85 | 560.26 | 582.17 | 592.24 |
Gross profit | 147.51 | 130.29 | 153.04 | 157.04 | 166.34 |
EBIT | 147.51 | 130.29 | -20.92 | 21.37 | 23.09 |
Net earnings | 8.16 | 13.85 | 14.52 | 15.33 | 17.63 |
Shareholders equity total | 101.86 | 115.71 | 110.23 | 114.56 | 122.18 |
Balance sheet total (assets) | 266.08 | 309.12 | 261.59 | 285.58 | 300.22 |
Net debt | -80.03 | -71.78 | -80.75 | ||
Profitability | |||||
EBIT-% | 24.5 % | 23.6 % | -3.7 % | 3.7 % | 3.9 % |
ROA | 55.2 % | 45.3 % | -7.1 % | 7.9 % | 8.4 % |
ROE | 7.1 % | 12.7 % | 12.9 % | 13.6 % | 14.9 % |
ROI | 55.2 % | 45.3 % | -8.4 % | 11.7 % | 12.2 % |
Economic value added (EVA) | 141.04 | 125.18 | -21.19 | 18.76 | 20.47 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 37.2 % | 35.6 % | 37.3 % |
Gearing | 69.0 % | 79.5 % | 81.8 % | ||
Relative net indebtedness % | 1.4 % | 3.5 % | 1.3 % | ||
Liquidity | |||||
Quick ratio | 1.9 | 1.9 | 1.8 | ||
Current ratio | 1.9 | 1.9 | 1.8 | ||
Cash and cash equivalents | 156.07 | 162.90 | 180.71 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | 49.3 | 57.9 | 54.8 | ||
Net working capital % | 22.5 % | 22.5 % | 21.9 % | ||
Credit risk | |||||
Credit rating | BBB | BBB | A | AAA | AAA |
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