MG SERVICE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MG SERVICE A/S
MG SERVICE A/S (CVR number: 10127017) is a company from HORSENS. The company recorded a gross profit of 245.7 kDKK in 2024. The operating profit was -40.8 kDKK, while net earnings were -16.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.6 %, which can be considered poor and Return on Equity (ROE) was -1.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 86.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MG SERVICE A/S's liquidity measured by quick ratio was 7.2 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 623.99 | 686.50 | 393.91 | 170.39 | 245.75 |
| EBIT | 59.40 | 457.44 | 288.49 | 27.40 | -40.81 |
| Net earnings | 46.03 | 354.40 | 233.43 | 44.85 | -16.23 |
| Shareholders equity total | 657.18 | 1 011.59 | 1 245.01 | 1 289.87 | 923.64 |
| Balance sheet total (assets) | 807.69 | 1 161.93 | 1 498.91 | 1 439.50 | 1 063.61 |
| Net debt | - 446.58 | - 806.49 | - 930.75 | - 854.17 | - 741.87 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 7.9 % | 46.9 % | 22.7 % | 3.9 % | -1.6 % |
| ROE | 7.3 % | 42.5 % | 20.7 % | 3.5 % | -1.5 % |
| ROI | 9.8 % | 55.2 % | 26.5 % | 4.5 % | -1.8 % |
| Economic value added (EVA) | 14.16 | 321.91 | 172.31 | -41.83 | -99.04 |
| Solvency | |||||
| Equity ratio | 81.4 % | 87.1 % | 83.1 % | 89.6 % | 86.8 % |
| Gearing | 0.1 % | ||||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 5.7 | 22.9 | 7.4 | 10.3 | 7.2 |
| Current ratio | 5.7 | 22.9 | 7.4 | 10.3 | 7.2 |
| Cash and cash equivalents | 446.58 | 806.49 | 930.75 | 854.17 | 742.57 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BBB |
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