MIDTJYSKE JERNBANER A/S — Credit Rating and Financial Key Figures

CVR number: 64640011
Banegårdsvej 2, 7620 Lemvig
administration@mjba.dk
tel: 97823222

Credit rating

Company information

Official name
MIDTJYSKE JERNBANER A/S
Established
1999
Company form
Limited company
Industry

About MIDTJYSKE JERNBANER A/S

MIDTJYSKE JERNBANER A/S (CVR number: 64640011K) is a company from LEMVIG. The company recorded a gross profit of 53.9 mDKK in 2024. The operating profit was 957 kDKK, while net earnings were 1254 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.4 %, which can be considered weak and Return on Equity (ROE) was 2.5 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 12.9 %, 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. MIDTJYSKE JERNBANER A/S's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2022
2023
2024
Volume
Net sales
Gross profit39 198.0046 622.0053 890.00
EBIT- 273.00575.00957.00
Net earnings- 555.00389.001 254.00
Shareholders equity total49 081.0049 470.0050 724.00
Balance sheet total (assets)109 605.00239 639.00394 466.00
Net debt34 144.003 753.00
Profitability
EBIT-%
ROA-0.2 %0.3 %0.4 %
ROE-1.1 %0.8 %2.5 %
ROI-0.2 %0.6 %1.5 %
Economic value added (EVA)- 273.00-2 076.64-3 471.05
Solvency
Equity ratio100.0 %20.6 %12.9 %
Gearing76.6 %77.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.5
Current ratio0.30.5
Cash and cash equivalents3 760.0035 650.00
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBB

Variable visualization

ROA:0.44%
Rating: 22/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:12.9%
Rating: 13/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member
Board member

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