MOREWOOD HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MOREWOOD HOLDING ApS
MOREWOOD HOLDING ApS (CVR number: 35382410) is a company from AARHUS. The company reported a net sales of 0.1 mDKK in 2023, demonstrating a decline of -85.3 % compared to the previous year. The operating profit percentage was at 93.5 % (EBIT: 0.1 mDKK), while net earnings were 58.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.9 %, which can be considered decent and Return on Equity (ROE) was 5.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 54.3 %, 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. MOREWOOD HOLDING ApS's liquidity measured by quick ratio was 0.7 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 | -10.58 | -69.42 | 161.26 | 522.95 | 76.96 |
Gross profit | -14.33 | -73.17 | 156.89 | 517.95 | 71.96 |
EBIT | -14.33 | -73.17 | 156.89 | 517.95 | 71.96 |
Net earnings | -4.32 | -67.41 | 142.92 | 501.00 | 58.27 |
Shareholders equity total | 510.85 | 443.44 | 586.37 | 969.56 | 1 027.83 |
Balance sheet total (assets) | 875.74 | 1 099.21 | 1 270.67 | 1 797.13 | 1 892.52 |
Net debt | 298.73 | 650.21 | 680.41 | 674.14 | 686.95 |
Profitability | |||||
EBIT-% | 97.3 % | 99.0 % | 93.5 % | ||
ROA | 1.6 % | -4.8 % | 14.8 % | 34.6 % | 4.9 % |
ROE | -0.8 % | -14.1 % | 27.8 % | 64.4 % | 5.8 % |
ROI | 1.7 % | -5.0 % | 14.8 % | 36.4 % | 5.3 % |
Economic value added (EVA) | -12.88 | -97.27 | 140.21 | 532.96 | 110.64 |
Solvency | |||||
Equity ratio | 58.3 % | 40.3 % | 46.1 % | 54.0 % | 54.3 % |
Gearing | 58.8 % | 147.0 % | 116.1 % | 69.8 % | 67.1 % |
Relative net indebtedness % | -3432.2 % | -942.2 % | 424.2 % | 157.8 % | 1119.7 % |
Liquidity | |||||
Quick ratio | 2.1 | 1.6 | 0.9 | 0.7 | 0.7 |
Current ratio | 2.1 | 1.6 | 0.9 | 0.7 | 0.7 |
Cash and cash equivalents | 1.72 | 1.72 | 0.15 | 2.39 | 3.02 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -3935.7 % | -602.8 % | -61.9 % | -45.8 % | -335.7 % |
Credit risk | |||||
Credit rating | BBB | BBB | A | A | A |
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