MORTEN TANG HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MORTEN TANG HOLDING A/S
MORTEN TANG HOLDING A/S (CVR number: 28504950) is a company from FAVRSKOV. The company recorded a gross profit of -26.2 kDKK in 2024. The operating profit was -26.2 kDKK, while net earnings were 2202.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.6 %, which can be considered good and Return on Equity (ROE) was 9.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 96.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MORTEN TANG HOLDING A/S's liquidity measured by quick ratio was 6.4 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 | -26.06 | -26.22 |
| EBIT | -26.06 | -26.22 |
| Net earnings | 2 998.15 | 2 202.42 |
| Shareholders equity total | 22 671.50 | 24 751.92 |
| Balance sheet total (assets) | 23 668.03 | 25 588.27 |
| Net debt | -3 750.10 | -2 850.53 |
| Profitability | ||
| EBIT-% | ||
| ROA | 13.0 % | 9.6 % |
| ROE | 13.2 % | 9.3 % |
| ROI | 13.6 % | 9.9 % |
| Economic value added (EVA) | -22.57 | -1 161.96 |
| Solvency | ||
| Equity ratio | 95.8 % | 96.7 % |
| Gearing | 0.0 % | 1.2 % |
| Relative net indebtedness % | ||
| Liquidity | ||
| Quick ratio | 5.3 | 6.4 |
| Current ratio | 5.3 | 6.4 |
| Cash and cash equivalents | 3 755.31 | 3 149.54 |
| Capital use efficiency | ||
| Trade debtors turnover (days) | ||
| Net working capital % | ||
| Credit risk | ||
| Credit rating | A | A |
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