To the full analysis
MT Højgaard Holding stock: balance sheet and debt
MTHH.COMT Højgaard Holding has a debt to equity ratio of 0.18 and an interest coverage of 10.4x.
Daily figure as of 13 Nov 2026
Debt / Equity
0.18
Interest coverage
10.4x
Current ratio
1.2
Cash & equivalents
$80.05M
Total assets
$620.5M
Equity ratio
29.4%
Goodwill
$32.76M
Plus intangible assets of $22.23M
Net debt
−$48.03M
More cash than debt
Total assets and equity ratio
How large the balance sheet of MT Højgaard Holding A/S is, how much of it is equity and how much is goodwill from acquisitions.
Equity ratio
Figures as a table
| Year | Total assets | Goodwill and intangible assets | of which goodwill | Equity ratio | Net debt |
|---|---|---|---|---|---|
| 2006 | $401.55M | $5.88M | $5.88M | 24.1% | −$22.37M |
| 2007 | $746.01M | $9.49M | $9.49M | 24.5% | −$6.48M |
| 2008 | $782.14M | $14.11M | $11.93M | 27.3% | −$52.5M |
| 2009 | $456.59M | not reported separately | not reported separately | 31.3% | −$81.07M |
| 2010 | $391.6M | not reported separately | not reported separately | 36.5% | −$41.48M |
| 2011 | $467.99M | not reported separately | not reported separately | 24.9% | −$13.3M |
| 2012 | $657.1M | $21.95M | $17.28M | 17.4% | $28.19M |
| 2013 | $595.88M | $23.04M | $17.28M | 27.8% | $5.56M |
| 2014 | $540.52M | $23.29M | $17.28M | 22.5% | −$27.13M |
| 2015 | $533M | $26.12M | $18M | 27.8% | $17.77M |
| 2016 | $543.76M | $27.68M | $18M | 26.3% | $23.81M |
| 2017 | $544.76M | $32.03M | $18M | 24.0% | $25.93M |
| 2018 | $562.48M | $39.9M | $18M | 10.3% | $54.88M |
| 2019 | $653.35M | $82.08M | $19.88M | 11.8% | $159.28M |
| 2020 | $594.37M | $64.27M | $22.65M | 15.6% | $131.32M |
| 2021 | $643.23M | $78.42M | $37.12M | 17.0% | $74M |
| 2022 | $709.81M | $63.47M | $32.73M | 15.7% | $46.99M |
| 2023 | $788.26M | $59.26M | $32.73M | 15.9% | −$55.25M |
| 2024 | $693.97M | $57.1M | $32.73M | 22.2% | −$34.29M |
| 2025 | $620.5M | $54.99M | $32.76M | 29.4% | −$48.03M |
The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is debt minus cash and short-term investments; a negative figure means cash exceeds debt.
Equity and debt
What the company owns and owes
- Cash & equivalents
- Equity
- Debt
Figures as a table
| Year | Cash & equivalents | Equity | Debt | Debt / Equity |
|---|---|---|---|---|
| 2006 | $22.37M | $94.81M | $0 | 0 |
| 2007 | $50.75M | $182.52M | $44.28M | 0.24 |
| 2008 | $70.68M | $213.72M | $18.17M | 0.09 |
| 2009 | $91.64M | $142.96M | $10.57M | 0.07 |
| 2010 | $58.73M | $142.78M | $17.25M | 0.12 |
| 2011 | $45.92M | $116.66M | $32.63M | 0.28 |
| 2012 | $51.96M | $114.26M | $80.15M | 0.7 |
| 2013 | $41.85M | $165.43M | $47.4M | 0.29 |
| 2014 | $55.91M | $113.22M | $28.79M | 0.24 |
| 2015 | $15.64M | $142.27M | $33.41M | 0.23 |
| 2016 | $10.92M | $139.58M | $34.73M | 0.24 |
| 2017 | $5M | $126.86M | $30.92M | 0.24 |
| 2018 | $31.22M | $56.79M | $86.09M | 1.48 |
| 2019 | $5.96M | $75.11M | $165.24M | 2.14 |
| 2020 | $4.52M | $90.36M | $135.84M | 1.47 |
| 2021 | $33.4M | $106.83M | $107.39M | 0.98 |
| 2022 | $50.24M | $108.8M | $97.23M | 0.87 |
| 2023 | $138.81M | $125.14M | $83.56M | 0.67 |
| 2024 | $114.32M | $153.78M | $80.03M | 0.52 |
| 2025 | $80.05M | $182.18M | $32.02M | 0.18 |
Debt to equity divides debt by total equity, including non-controlling interests, as S&P calculates it. The equity column shows the part that belongs to shareholders.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = DKK 6.7461)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 20 Feb 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.