MEE A/S — Credit Rating and Financial Key Figures

CVR number: 26560438
Esplanaden 50, 1263 København K

Credit rating

Company information

Official name
MEE A/S
Established
2002
Company form
Limited company
Industry
  • Expand more icon46Wholesale trade, except of motor vehicles and motorcycles

About MEE A/S

MEE A/S (CVR number: 26560438) is a company from KØBENHAVN. The company reported a net sales of 0.1 mUSD in 2021, demonstrating a growth of 32.1 % compared to the previous year. The operating profit percentage was poor at -102 % (EBIT: -0.2 mUSD), while net earnings were -361 kUSD. The profitability of the company measured by Return on Assets (ROA) was -0.8 %, which can be considered poor and Return on Equity (ROE) was -22.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 3.2 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. MEE A/S's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Net sales (kUSD)

EBIT (kUSD)

Profitability

Solidity

Key figures (kUSD)

See financials
2017
2018
2019
2020
2021
Volume
Net sales226.0036.0059.00112.00148.00
Gross profit24.001.001.003.00- 151.00
EBIT10.001.001.003.00- 151.00
Net earnings59.00-35.00199.00- 357.00- 361.00
Shareholders equity total1 866.001 832.002 070.001 670.001 545.00
Balance sheet total (assets)7 128.0024 135.0029 972.0032 330.0048 224.00
Net debt5 120.0022 248.0027 785.0030 644.0046 631.00
Profitability
EBIT-%4.4 %2.8 %1.7 %2.7 %-102.0 %
ROA0.1 %0.3 %1.1 %0.3 %-0.8 %
ROE3.2 %-1.9 %10.2 %-19.1 %-22.5 %
ROI0.1 %0.3 %1.1 %0.3 %-0.8 %
Economic value added (EVA)-71.39-82.60-80.17-88.80- 241.91
Solvency
Equity ratio26.2 %7.6 %6.9 %5.2 %3.2 %
Gearing274.5 %1214.5 %1342.6 %1835.0 %3018.6 %
Relative net indebtedness %2296.9 %61947.2 %47281.4 %27375.0 %31535.8 %
Liquidity
Quick ratio1.31.11.11.01.0
Current ratio1.31.11.11.01.0
Cash and cash equivalents3.002.006.006.00
Capital use efficiency
Trade debtors turnover (days)1.6
Net working capital %764.2 %4480.6 %3094.9 %1247.3 %987.2 %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:-0.76%
Rating: 19/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:3.20%
Rating: 4/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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