Midtjysk VVS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Midtjysk VVS ApS
Midtjysk VVS ApS (CVR number: 78117915) is a company from SYDDJURS. The company recorded a gross profit of 199.1 kDKK in 2023. The operating profit was -26.4 kDKK, while net earnings were -26.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -5.3 %, which can be considered poor and Return on Equity (ROE) was -11.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 46.8 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Midtjysk VVS ApS'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 | -3.77 | -4.03 | 85.85 | 515.92 | 199.08 |
EBIT | -7.54 | -4.03 | 80.85 | 141.35 | -26.45 |
Net earnings | -5.93 | 8.71 | 82.16 | 167.55 | -26.79 |
Shareholders equity total | -6.26 | 2.45 | 84.61 | 252.16 | 225.37 |
Balance sheet total (assets) | 12.59 | 23.80 | 141.96 | 449.21 | 490.89 |
Net debt | -10.88 | -9.33 | -62.07 | - 322.20 | - 307.70 |
Profitability | |||||
EBIT-% | |||||
ROA | -44.5 % | -18.9 % | 97.6 % | 48.0 % | -5.3 % |
ROE | -43.4 % | 115.9 % | 188.7 % | 99.5 % | -11.2 % |
ROI | -329.0 % | 145.4 % | 76.8 % | -10.2 % | |
Economic value added (EVA) | -5.78 | -3.17 | 85.27 | 170.13 | -17.60 |
Solvency | |||||
Equity ratio | -33.2 % | 10.3 % | 59.6 % | 56.1 % | 46.8 % |
Gearing | 28.6 % | 3.2 % | 2.1 % | ||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.7 | 1.1 | 2.1 | 1.9 | 1.4 |
Current ratio | 0.7 | 1.1 | 2.1 | 1.9 | 1.4 |
Cash and cash equivalents | 10.88 | 9.33 | 86.25 | 330.27 | 312.46 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BBB | BBB | BBB |
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