MORTEN LYNGGAARD HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MORTEN LYNGGAARD HOLDING ApS
MORTEN LYNGGAARD HOLDING ApS (CVR number: 31477042) is a company from MIDDELFART. The company reported a net sales of 0.1 mDKK in 2023, demonstrating a growth of 87.7 % compared to the previous year. The operating profit percentage was at 133.2 % (EBIT: 0.2 mDKK), while net earnings were 128.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.4 %, which can be considered good but Return on Equity (ROE) was 17.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 37.6 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. MORTEN LYNGGAARD HOLDING ApS'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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 31.00 | 43.00 | 58.00 | 77.00 | 144.51 |
| Gross profit | 87.00 | 79.00 | 105.00 | 119.00 | 216.99 |
| EBIT | 62.00 | 54.00 | 80.00 | 94.00 | 192.43 |
| Net earnings | 39.00 | 27.00 | 76.00 | -5.00 | 128.41 |
| Shareholders equity total | 570.00 | 597.00 | 673.00 | 668.00 | 797.41 |
| Balance sheet total (assets) | 1 949.00 | 1 924.00 | 2 005.00 | 1 987.00 | 2 120.88 |
| Net debt | 1 274.00 | 1 259.00 | 1 198.00 | 1 240.00 | 1 196.56 |
| Profitability | |||||
| EBIT-% | 200.0 % | 125.6 % | 137.9 % | 122.1 % | 133.2 % |
| ROA | 3.1 % | 2.8 % | 5.5 % | 4.7 % | 9.4 % |
| ROE | 7.1 % | 4.6 % | 12.0 % | -0.7 % | 17.5 % |
| ROI | 3.1 % | 2.9 % | 5.7 % | 4.8 % | 9.5 % |
| Economic value added (EVA) | -0.20 | -21.00 | -1.91 | 27.37 | 128.66 |
| Solvency | |||||
| Equity ratio | 29.2 % | 31.0 % | 33.6 % | 33.6 % | 37.6 % |
| Gearing | 229.1 % | 217.4 % | 190.8 % | 191.9 % | 161.2 % |
| Relative net indebtedness % | 4345.2 % | 2995.3 % | 2148.3 % | 1658.4 % | 854.4 % |
| Liquidity | |||||
| Quick ratio | 0.2 | 0.2 | 0.5 | 0.3 | 0.5 |
| Current ratio | 0.2 | 0.2 | 0.5 | 0.3 | 0.5 |
| Cash and cash equivalents | 32.00 | 39.00 | 86.00 | 42.00 | 88.75 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | -751.6 % | -416.3 % | -303.4 % | -218.2 % | -85.6 % |
| Credit risk | |||||
| Credit rating | BBB | BBB | A | BBB | A |
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