MG Motor Danmark A/S

CVR number: 41321261
Baronessens Kvarter 5, Hauløkke 7000 Fredericia
cln@nellmann.dk
www.mgmotors.dk

Credit rating

Company information

Official name
MG Motor Danmark A/S
Established
2020
Domicile
Hauløkke
Company form
Limited company
Industry
  • Expand more icon45Wholesale and retail trade and repair of motor vehicles and motorcycles

About MG Motor Danmark A/S

MG Motor Danmark A/S (CVR number: 41321261) is a company from FREDERICIA. The company recorded a gross profit of -119 kDKK in 2023. The operating profit was -119 kDKK, while net earnings were -4228 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.1 %, which can be considered weak but Return on Equity (ROE) was -206.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 0.4 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. MG Motor Danmark A/S's liquidity measured by quick ratio was 0.3 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020202120222023
Volume
Net sales
Gross profit- 343.003 457.001 415.00- 119.00
EBIT- 432.003 457.001 415.00- 119.00
Net earnings- 542.002 461.00634.00-4 228.00
Shareholders equity total500.002 961.003 595.00500.00
Balance sheet total (assets)31 842.0041 936.00160 483.00133 864.00
Net debt15 267.00142 739.00125 189.00
Profitability
EBIT-%
ROA-1.3 %9.4 %2.4 %0.1 %
ROE-108.4 %142.2 %19.3 %-206.5 %
ROI-1.6 %10.1 %2.5 %0.1 %
Economic value added (EVA)- 337.383 976.69947.92- 231.92
Solvency
Equity ratio1.6 %100.0 %2.2 %0.4 %
Gearing5221.8 %3993.5 %25248.8 %
Relative net indebtedness %
Liquidity
Quick ratio0.40.30.3
Current ratio1.01.01.0
Cash and cash equivalents10 842.00827.001 055.00
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBB

Variable visualization

ROA:0.06%
Rating: 20/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:0.37%
Rating: 1/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Chief executive officer

Companies in the same industry

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