MORTEN TANG HOLDING A/S — Credit Rating and Financial Key Figures

CVR number: 28504950
Kastanievej 11, Laurbjerg 8870 Langå

Company information

Official name
MORTEN TANG HOLDING A/S
Established
2005
Domicile
Laurbjerg
Company form
Limited company
Industry

About MORTEN TANG HOLDING A/S

MORTEN TANG HOLDING A/S (CVR number: 28504950K) is a company from FAVRSKOV. The company recorded a gross profit of 20 mDKK in 2024. The operating profit was 3730.1 kDKK, while net earnings were 2373 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.3 %, which can be considered decent but Return on Equity (ROE) was 10 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 43.1 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. MORTEN TANG HOLDING A/S's liquidity measured by quick ratio was 0.4 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit12 363.0017 053.0017 617.0019 662.6919 962.59
EBIT-2 264.002 793.002 443.004 065.043 730.06
Net earnings-2 042.002 817.001 197.002 947.942 372.96
Shareholders equity total19 066.0021 771.0022 854.0024 225.1226 476.08
Balance sheet total (assets)44 146.0060 772.0059 158.0060 902.0862 229.57
Net debt19 002.8019 028.47
Profitability
EBIT-%
ROA-4.6 %5.3 %4.1 %8.7 %7.3 %
ROE-10.1 %13.8 %5.4 %13.0 %10.0 %
ROI-4.6 %5.3 %4.1 %9.8 %9.2 %
Economic value added (EVA)-3 331.661 834.931 349.011 987.05593.36
Solvency
Equity ratio100.0 %100.0 %100.0 %40.8 %43.1 %
Gearing94.0 %84.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.50.4
Current ratio1.61.7
Cash and cash equivalents3 760.463 359.94
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBAA

Variable visualization

ROA:7.28%
Rating: 49/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:43.1%
Rating: 35/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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