MICHAEL WELCH HOLDING APS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MICHAEL WELCH HOLDING APS
MICHAEL WELCH HOLDING APS (CVR number: 43708546) is a company from KØBENHAVN. The company recorded a gross profit of -4.2 kDKK in 2024. The operating profit was -4.2 kDKK, while net earnings were -5.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -13.3 %, which can be considered poor and Return on Equity (ROE) was -25.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 68.3 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. MICHAEL WELCH HOLDING APS's liquidity measured by quick ratio was 3.2 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 financials2023 | 2024 | |
|---|---|---|
| Volume | ||
| Net sales | ||
| Gross profit | -17.62 | -4.19 |
| EBIT | -17.62 | -4.19 |
| Net earnings | -17.63 | -5.11 |
| Shareholders equity total | 22.37 | 17.26 |
| Balance sheet total (assets) | 27.37 | 25.27 |
| Net debt | -10.37 | -7.58 |
| Profitability | ||
| EBIT-% | ||
| ROA | -64.4 % | -13.3 % |
| ROE | -78.8 % | -25.8 % |
| ROI | -78.8 % | -17.7 % |
| Economic value added (EVA) | -17.62 | -5.31 |
| Solvency | ||
| Equity ratio | 81.7 % | 68.3 % |
| Gearing | ||
| Relative net indebtedness % | ||
| Liquidity | ||
| Quick ratio | 5.5 | 3.2 |
| Current ratio | 5.5 | 3.2 |
| Cash and cash equivalents | 10.37 | 7.58 |
| Capital use efficiency | ||
| Trade debtors turnover (days) | ||
| Net working capital % | ||
| Credit risk | ||
| Credit rating | B | BB |
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