M Food Group IVS — Credit Rating and Financial Key Figures
Credit rating
Company information
About M Food Group IVS
M Food Group IVS (CVR number: 36033517) is a company from GLADSAXE. The company reported a net sales of 4.4 mDKK in 2020, demonstrating a growth of 121.5 % compared to the previous year. The operating profit percentage was poor at -4.7 % (EBIT: -0.2 mDKK), while net earnings were -156.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -32.4 %, which can be considered poor and Return on Equity (ROE) was -81.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 36.6 %, 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. M Food Group IVS's liquidity measured by quick ratio was 1.5 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 financials2016 | 2017 | 2018 | 2019 | 2020 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 662.10 | 3 532.19 | 1 998.10 | 4 425.71 | |
Gross profit | -80.46 | 270.15 | 183.33 | 145.23 | 905.97 |
EBIT | -80.46 | 105.35 | -54.44 | -49.78 | - 205.84 |
Net earnings | -89.34 | 96.18 | -38.21 | -30.45 | - 156.57 |
Shareholders equity total | -89.34 | 298.43 | 57.51 | 76.85 | 307.60 |
Balance sheet total (assets) | 80.47 | 613.92 | 324.09 | 430.05 | 840.18 |
Net debt | -21.46 | -73.19 | - 118.67 | - 126.35 | - 314.56 |
Profitability | |||||
EBIT-% | 6.3 % | -1.5 % | -2.5 % | -4.7 % | |
ROA | -47.4 % | 26.9 % | -11.6 % | -13.2 % | -32.4 % |
ROE | -111.0 % | 50.8 % | -21.5 % | -45.3 % | -81.5 % |
ROI | 70.6 % | -30.6 % | -69.7 % | -104.7 % | |
Economic value added (EVA) | -80.46 | 108.64 | -43.88 | -34.79 | - 155.74 |
Solvency | |||||
Equity ratio | -52.6 % | 48.6 % | 17.7 % | 17.9 % | 36.6 % |
Gearing | |||||
Relative net indebtedness % | 14.6 % | 4.2 % | 10.9 % | 4.9 % | |
Liquidity | |||||
Quick ratio | 0.2 | 1.2 | 0.8 | 1.1 | 1.5 |
Current ratio | 0.3 | 1.9 | 1.1 | 1.1 | 1.5 |
Cash and cash equivalents | 21.46 | 73.19 | 118.67 | 126.35 | 314.56 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 13.7 | 3.4 | 47.6 | 40.2 | |
Net working capital % | 16.3 % | 1.0 % | 2.1 % | 6.1 % | |
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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