MT Højgaard Property Development A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MT Højgaard Property Development A/S
MT Højgaard Property Development A/S (CVR number: 35865829) is a company from GLADSAXE. The company reported a net sales of 323.5 mDKK in 2024, demonstrating a decline of -2 % compared to the previous year. The operating profit percentage was at 2.4 % (EBIT: 7.9 mDKK), while net earnings were 15 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9 %, which can be considered good and Return on Equity (ROE) was 12.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 21.7 %, 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. MT Højgaard Property Development A/S's liquidity measured by quick ratio was 1.1 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 180.62 | 288.51 | 330.18 | 323.47 | |
Gross profit | -28.12 | 1.43 | 6.36 | 21.19 | |
EBIT | -0.01 | -63.80 | -18.30 | -9.36 | 7.90 |
Net earnings | -0.00 | -14.95 | 23.45 | 5.96 | 14.97 |
Shareholders equity total | 0.50 | 79.22 | 102.66 | 108.62 | 123.73 |
Balance sheet total (assets) | 0.85 | 573.74 | 831.57 | 561.86 | 506.91 |
Net debt | 365.82 | 201.98 | |||
Profitability | |||||
EBIT-% | -35.3 % | -6.3 % | -2.8 % | 2.4 % | |
ROA | -1.6 % | -22.2 % | -2.6 % | 3.6 % | 9.0 % |
ROE | -0.2 % | -37.5 % | 25.8 % | 5.6 % | 12.9 % |
ROI | -1.6 % | -22.2 % | -2.6 % | 3.7 % | 10.7 % |
Economic value added (EVA) | -0.01 | -63.83 | -22.28 | -11.93 | 4.71 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 18.3 % | 21.7 % |
Gearing | 361.1 % | 209.8 % | |||
Relative net indebtedness % | 129.3 % | 100.7 % | |||
Liquidity | |||||
Quick ratio | 1.0 | 1.1 | |||
Current ratio | 1.1 | 1.1 | |||
Cash and cash equivalents | 26.35 | 57.57 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 45.0 | 58.8 | |||
Net working capital % | -0.7 % | 6.6 % | |||
Credit risk | |||||
Credit rating | BB | BBB | BBB | BBB | AA |
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