MIDTJYLLANDS ELEKTRICITETSFORSYNINGS SELSKAB A.M.B.A. — Credit Rating and Financial Key Figures
Credit rating
Company information
About MIDTJYLLANDS ELEKTRICITETSFORSYNINGS SELSKAB A.M.B.A.
MIDTJYLLANDS ELEKTRICITETSFORSYNINGS SELSKAB A.M.B.A. (CVR number: 58183415) is a company from IKAST-BRANDE. The company reported a net sales of 29.9 mDKK in 2024, demonstrating a growth of 21.5 % compared to the previous year. The operating profit percentage was poor at -0.5 % (EBIT: -0.1 mDKK), while net earnings were 26.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 5.3 %, which can be considered decent and Return on Equity (ROE) was 5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 99 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MIDTJYLLANDS ELEKTRICITETSFORSYNINGS SELSKAB A.M.B.A.'s liquidity measured by quick ratio was 63.6 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 25 019.00 | 25 044.00 | 26 751.01 | 24 637.48 | 29 933.03 |
Gross profit | 17 129.00 | 18 400.00 | 18 785.17 | 18 047.26 | 21 290.11 |
EBIT | 3 138.00 | 3 197.00 | 1 128.63 | 374.15 | - 148.35 |
Net earnings | 20 748.00 | 20 527.00 | 1 365.29 | 26 179.13 | 26 254.52 |
Shareholders equity total | 591 172.00 | 611 699.00 | 613 064.17 | 513 141.89 | 539 396.41 |
Balance sheet total (assets) | 597 293.00 | 617 732.00 | 616 913.47 | 519 234.60 | 544 818.39 |
Net debt | - 167 528.00 | - 185 954.00 | - 171 122.30 | - 193 350.67 | - 217 150.89 |
Profitability | |||||
EBIT-% | 12.5 % | 12.8 % | 4.2 % | 1.5 % | -0.5 % |
ROA | 4.2 % | 4.0 % | 4.9 % | 4.8 % | 5.3 % |
ROE | 3.6 % | 3.4 % | 0.2 % | 4.6 % | 5.0 % |
ROI | 4.2 % | 4.1 % | 4.9 % | 4.8 % | 5.3 % |
Economic value added (EVA) | -25 738.88 | -26 688.16 | -29 704.40 | -30 474.28 | -25 954.22 |
Solvency | |||||
Equity ratio | 99.0 % | 99.0 % | 99.4 % | 98.8 % | 99.0 % |
Gearing | 0.4 % | ||||
Relative net indebtedness % | -645.1 % | -729.0 % | -627.9 % | -762.3 % | -712.4 % |
Liquidity | |||||
Quick ratio | 40.2 | 36.7 | 62.6 | 39.7 | 63.6 |
Current ratio | 40.3 | 36.8 | 63.0 | 39.9 | 63.6 |
Cash and cash equivalents | 167 528.00 | 188 603.00 | 171 122.30 | 193 350.67 | 217 150.89 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 25.6 | 63.9 | 38.5 | 32.4 | 13.4 |
Net working capital % | 145.6 % | 116.0 % | 108.0 % | 125.2 % | 115.5 % |
Credit risk | |||||
Credit rating | AAA | AAA | AA | AAA | AA |
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