MIDTJYLLANDS ELEKTRICITETSFORSYNINGS SELSKAB A.M.B.A. — Credit Rating and Financial Key Figures

CVR number: 58183415
Dørslundvej 44, 7330 Brande
mes@mes.dk
tel: 97181353

Company information

Official name
MIDTJYLLANDS ELEKTRICITETSFORSYNINGS SELSKAB A.M.B.A.
Personnel
32 persons
Established
1964
Industry

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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales25 019.0025 044.0026 751.0124 637.4829 933.03
Gross profit17 129.0018 400.0018 785.1718 047.2621 290.11
EBIT3 138.003 197.001 128.63374.15- 148.35
Net earnings20 748.0020 527.001 365.2926 179.1326 254.52
Shareholders equity total591 172.00611 699.00613 064.17513 141.89539 396.41
Balance sheet total (assets)597 293.00617 732.00616 913.47519 234.60544 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 %
ROA4.2 %4.0 %4.9 %4.8 %5.3 %
ROE3.6 %3.4 %0.2 %4.6 %5.0 %
ROI4.2 %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 ratio99.0 %99.0 %99.4 %98.8 %99.0 %
Gearing0.4 %
Relative net indebtedness %-645.1 %-729.0 %-627.9 %-762.3 %-712.4 %
Liquidity
Quick ratio40.236.762.639.763.6
Current ratio40.336.863.039.963.6
Cash and cash equivalents167 528.00188 603.00171 122.30193 350.67217 150.89
Capital use efficiency
Trade debtors turnover (days)25.663.938.532.413.4
Net working capital %145.6 %116.0 %108.0 %125.2 %115.5 %
Credit risk
Credit ratingAAAAAAAAAAAAA

Variable visualization

ROA:5.30%
Rating: 44/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:99.0%
Rating: 85/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Chairman of the board
Board member

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