MIDTFJORD ERHVERVSEJENDOMME ApS — Credit Rating and Financial Key Figures

CVR number: 20900334
Havnevej 30, 9670 Løgstør
tel: 98671155

Company information

Official name
MIDTFJORD ERHVERVSEJENDOMME ApS
Established
1998
Company form
Private limited company
Industry

About MIDTFJORD ERHVERVSEJENDOMME ApS

MIDTFJORD ERHVERVSEJENDOMME ApS (CVR number: 20900334) is a company from VESTHIMMERLANDS. The company recorded a gross profit of 492.6 kDKK in 2020. The operating profit was 942.6 kDKK, while net earnings were 701.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 20.1 %, which can be considered excellent and Return on Equity (ROE) was 36.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 47.8 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. MIDTFJORD ERHVERVSEJENDOMME ApS's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2016
2017
2018
2019
2020
Volume
Net sales
Gross profit276.65365.57216.52296.14492.63
EBIT276.65365.57216.52289.06942.63
Net earnings150.67196.94129.63203.59701.22
Shareholders equity total1 058.621 255.551 385.191 588.782 290.00
Balance sheet total (assets)4 541.494 565.254 572.284 608.764 786.51
Net debt3 192.502 921.682 735.692 526.331 648.88
Profitability
EBIT-%
ROA6.1 %8.0 %4.7 %6.3 %20.1 %
ROE14.2 %17.0 %9.8 %13.7 %36.2 %
ROI6.4 %8.4 %5.0 %6.6 %21.6 %
Economic value added (EVA)215.6480.6516.18104.70587.03
Solvency
Equity ratio23.3 %27.5 %30.3 %34.5 %47.8 %
Gearing301.7 %233.1 %197.5 %159.1 %72.3 %
Relative net indebtedness %
Liquidity
Quick ratio0.00.00.00.20.0
Current ratio0.00.00.00.20.0
Cash and cash equivalents1.495.620.631.127.63
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBAAA

Variable visualization

ROA:20.1%
Rating: 74/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:47.8%
Rating: 39/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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