MIRARE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MIRARE A/S
MIRARE A/S (CVR number: 29406863) is a company from RANDERS. The company recorded a gross profit of -11.6 kDKK in 2019. The operating profit was -59.6 kDKK, while net earnings were 3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.7 %, which can be considered weak and Return on Equity (ROE) was 1.7 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 21.2 %, 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. MIRARE A/S's liquidity measured by quick ratio was 1.3 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 financials2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|
Volume | ||||
Net sales | ||||
Gross profit | 55.27 | 54.87 | 29.46 | -11.55 |
EBIT | -33.85 | -10.69 | -6.19 | -59.62 |
Net earnings | -48.55 | -36.92 | - 147.94 | 3.03 |
Shareholders equity total | 360.68 | 323.76 | 175.83 | 178.86 |
Balance sheet total (assets) | 2 229.11 | 2 288.18 | 2 226.46 | 843.81 |
Net debt | 256.63 | 283.85 | 472.49 | - 188.15 |
Profitability | ||||
EBIT-% | ||||
ROA | 3.1 % | 2.5 % | 3.4 % | 0.7 % |
ROE | -13.5 % | -10.8 % | -59.2 % | 1.7 % |
ROI | 3.1 % | 2.5 % | 3.5 % | 0.7 % |
Economic value added (EVA) | -29.56 | 54.88 | 63.26 | 27.84 |
Solvency | ||||
Equity ratio | 16.2 % | 14.1 % | 7.9 % | 21.2 % |
Gearing | 521.6 % | 604.9 % | 1162.9 % | 366.6 % |
Relative net indebtedness % | ||||
Liquidity | ||||
Quick ratio | 0.9 | 0.9 | 0.8 | 1.3 |
Current ratio | 0.9 | 0.9 | 0.8 | 1.3 |
Cash and cash equivalents | 1 624.56 | 1 674.57 | 1 572.15 | 843.81 |
Capital use efficiency | ||||
Trade debtors turnover (days) | ||||
Net working capital % | ||||
Credit risk | ||||
Credit rating | BBB | BBB | BBB | BB |
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