Midtfyns Energi A/S — Credit Rating and Financial Key Figures

CVR number: 38893882
Højgårdsvej 8, 5750 Ringe
varme@midtfynsenergi.dk
tel: 62621109

Company information

Official name
Midtfyns Energi A/S
Personnel
16 persons
Established
2017
Company form
Limited company
Industry

About Midtfyns Energi A/S

Midtfyns Energi A/S (CVR number: 38893882) is a company from FAABORG-MIDTFYN. The company recorded a gross profit of 8667.5 kDKK in 2023. The operating profit was -4 kDKK, while net earnings were 5.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.3 %, which can be considered weak and Return on Equity (ROE) was 0.6 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 32.8 %, 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. Midtfyns Energi A/S's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.

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 profit6 637.026 833.067 659.887 875.598 667.54
EBIT12.34-2.0720.3830.58-4.00
Net earnings2.88-14.462.448.365.58
Shareholders equity total997.76983.30985.75994.10999.69
Balance sheet total (assets)3 075.643 865.262 928.532 068.503 050.66
Net debt-2 211.41-3 197.03-1 497.06- 731.03-1 914.74
Profitability
EBIT-%
ROA0.4 %-0.1 %0.6 %1.2 %0.3 %
ROE0.3 %-1.5 %0.2 %0.8 %0.6 %
ROI1.1 %-0.1 %1.5 %3.1 %0.7 %
Economic value added (EVA)-41.49-52.18-29.03-27.03-53.10
Solvency
Equity ratio32.4 %25.4 %33.7 %48.1 %32.8 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio1.71.81.31.61.4
Current ratio1.71.81.31.61.4
Cash and cash equivalents2 211.413 197.031 497.06731.031 914.74
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:0.29%
Rating: 21/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:32.8%
Rating: 28/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Chairman of the board
Chief executive officer

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