MEDTRONIC DANMARK A/S — Credit Rating and Financial Key Figures

CVR number: 18491370
Arne Jacobsens Allé 17, 2300 København S
tel: 32481800

Credit rating

Company information

Official name
MEDTRONIC DANMARK A/S
Personnel
208 persons
Established
1995
Company form
Limited company
Industry

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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales602.48552.85560.26582.17592.24
Gross profit147.51130.29153.04157.04166.34
EBIT147.51130.29-20.9221.3723.09
Net earnings8.1613.8514.5215.3317.63
Shareholders equity total101.86115.71110.23114.56122.18
Balance sheet total (assets)266.08309.12261.59285.58300.22
Net debt-80.03-71.78-80.75
Profitability
EBIT-%24.5 %23.6 %-3.7 %3.7 %3.9 %
ROA55.2 %45.3 %-7.1 %7.9 %8.4 %
ROE7.1 %12.7 %12.9 %13.6 %14.9 %
ROI55.2 %45.3 %-8.4 %11.7 %12.2 %
Economic value added (EVA)141.04125.18-21.1918.7620.47
Solvency
Equity ratio100.0 %100.0 %37.2 %35.6 %37.3 %
Gearing69.0 %79.5 %81.8 %
Relative net indebtedness %1.4 %3.5 %1.3 %
Liquidity
Quick ratio1.91.91.8
Current ratio1.91.91.8
Cash and cash equivalents156.07162.90180.71
Capital use efficiency
Trade debtors turnover (days)49.357.954.8
Net working capital %22.5 %22.5 %21.9 %
Credit risk
Credit ratingBBBBBBAAAAAAA

Variable visualization

ROA:8.44%
Rating: 53/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:37.3%
Rating: 31/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board

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