IB MORTENSEN BILER A/S — Credit Rating and Financial Key Figures

CVR number: 34460159
Sejs Søvej 58, Sejs-Svejbæk 8600 Silkeborg

Credit rating

Company information

Official name
IB MORTENSEN BILER A/S
Established
2012
Domicile
Sejs-Svejbæk
Company form
Limited company
Industry
  • Expand more icon45Wholesale and retail trade and repair of motor vehicles and motorcycles

About IB MORTENSEN BILER A/S

IB MORTENSEN BILER A/S (CVR number: 34460159) is a company from SILKEBORG. The company recorded a gross profit of 1014.6 kDKK in 2022. The operating profit was 290.1 kDKK, while net earnings were 91 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6 %, which can be considered decent but Return on Equity (ROE) was 17.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 10.4 %, 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. IB MORTENSEN BILER A/S's liquidity measured by quick ratio was 0.5 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
2018
2019
2020
2021
2022
Volume
Net sales
Gross profit492.49664.221 028.591 540.631 014.58
EBIT-3.36238.42495.26826.83290.07
Net earnings- 165.5996.47341.82715.0790.96
Shareholders equity total-2 071.54-1 975.07- 233.25481.82572.79
Balance sheet total (assets)3 230.193 187.014 152.764 081.565 522.78
Net debt2 550.592 787.921 499.48- 170.272 393.78
Profitability
EBIT-%
ROA-0.1 %4.6 %10.4 %19.5 %6.0 %
ROE-7.4 %3.0 %9.3 %30.9 %17.3 %
ROI-0.1 %8.9 %23.1 %83.5 %16.8 %
Economic value added (EVA)92.41342.51594.51838.55274.42
Solvency
Equity ratio-39.1 %-38.3 %-5.5 %12.0 %10.4 %
Gearing-123.1 %-141.2 %-642.9 %417.9 %
Relative net indebtedness %
Liquidity
Quick ratio0.30.40.70.60.5
Current ratio0.60.60.91.11.1
Cash and cash equivalents170.27
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:6.04%
Rating: 46/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:10.4%
Rating: 10/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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