Midtfyns Energi A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 6 637.02 | 6 833.06 | 7 659.88 | 7 875.59 | 8 667.54 |
EBIT | 12.34 | -2.07 | 20.38 | 30.58 | -4.00 |
Net earnings | 2.88 | -14.46 | 2.44 | 8.36 | 5.58 |
Shareholders equity total | 997.76 | 983.30 | 985.75 | 994.10 | 999.69 |
Balance sheet total (assets) | 3 075.64 | 3 865.26 | 2 928.53 | 2 068.50 | 3 050.66 |
Net debt | -2 211.41 | -3 197.03 | -1 497.06 | - 731.03 | -1 914.74 |
Profitability | |||||
EBIT-% | |||||
ROA | 0.4 % | -0.1 % | 0.6 % | 1.2 % | 0.3 % |
ROE | 0.3 % | -1.5 % | 0.2 % | 0.8 % | 0.6 % |
ROI | 1.1 % | -0.1 % | 1.5 % | 3.1 % | 0.7 % |
Economic value added (EVA) | -41.49 | -52.18 | -29.03 | -27.03 | -53.10 |
Solvency | |||||
Equity ratio | 32.4 % | 25.4 % | 33.7 % | 48.1 % | 32.8 % |
Gearing | |||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.7 | 1.8 | 1.3 | 1.6 | 1.4 |
Current ratio | 1.7 | 1.8 | 1.3 | 1.6 | 1.4 |
Cash and cash equivalents | 2 211.41 | 3 197.03 | 1 497.06 | 731.03 | 1 914.74 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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