Elnet Midt A/S — Credit Rating and Financial Key Figures

Elnet Midt A/S (CVR number: 10036461) is a company from VIBORG. The company reported a net sales of 50.8 mDKK in 2023, demonstrating a growth of 16.3 % compared to the previous year. The operating profit percentage was at 36.2 % (EBIT: 18.4 mDKK), while net earnings were 15.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4.9 %, which can be considered decent and Return on Equity (ROE) was 5.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 64.1 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Elnet Midt A/S's liquidity measured by quick ratio was 2.5 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.