Steen Mikkelsen 2016 Holding ApS — Credit Rating and Financial Key Figures

CVR number: 38489267
Lille Eng 11, 5700 Svendborg

Company information

Official name
Steen Mikkelsen 2016 Holding ApS
Established
2016
Company form
Private limited company
Industry

About Steen Mikkelsen 2016 Holding ApS

Steen Mikkelsen 2016 Holding ApS (CVR number: 38489267) is a company from SVENDBORG. The company recorded a gross profit of 651.1 kDKK in 2023. The operating profit was 539.5 kDKK, while net earnings were 242.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.9 %, which can be considered good but Return on Equity (ROE) was 24.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 11.2 %, 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. Steen Mikkelsen 2016 Holding ApS's liquidity measured by quick ratio was 0.5 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit626.25518.70647.71628.41651.11
EBIT517.56412.39536.11516.81539.51
Net earnings3 956.564 310.062 295.83377.49242.56
Shareholders equity total41 533.7813 777.944 073.771 451.26493.82
Balance sheet total (assets)42 139.6714 611.825 392.355 149.534 416.57
Net debt-15 412.85- 848.46-1 594.87884.871 730.58
Profitability
EBIT-%
ROA11.3 %16.4 %29.5 %9.8 %11.9 %
ROE10.0 %15.6 %25.7 %13.7 %24.9 %
ROI11.3 %16.5 %31.2 %10.8 %12.3 %
Economic value added (EVA)535.39471.91-12.15282.57454.19
Solvency
Equity ratio98.6 %94.3 %75.5 %28.2 %11.2 %
Gearing2.0 %206.7 %658.3 %
Relative net indebtedness %
Liquidity
Quick ratio184.423.02.80.70.5
Current ratio184.423.02.80.70.5
Cash and cash equivalents15 412.85848.461 674.942 115.411 520.24
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAAA

Variable visualization

ROA:11.9%
Rating: 61/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:11.2%
Rating: 11/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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