Mortensen Aps — Credit Rating and Financial Key Figures
Credit rating
Company information
About Mortensen Aps
Mortensen Aps (CVR number: 39707144) is a company from HELSINGØR. The company reported a net sales of 1.8 mDKK in 2024, demonstrating a growth of 87.6 % compared to the previous year. The operating profit percentage was at 6.9 % (EBIT: 0.1 mDKK), while net earnings were 81.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.4 %, which can be considered decent but Return on Equity (ROE) was 16.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 36.1 %, 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. Mortensen 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 116.30 | 289.06 | 532.24 | 948.84 | 1 780.13 |
Gross profit | 116.30 | 289.06 | 532.24 | 948.84 | 1 780.13 |
EBIT | 53.70 | 186.88 | 57.45 | 244.50 | 122.78 |
Net earnings | - 132.16 | 107.91 | 50.15 | 187.38 | 81.20 |
Shareholders equity total | 106.82 | 214.72 | 264.87 | 452.25 | 533.45 |
Balance sheet total (assets) | 772.22 | 1 084.32 | 1 315.46 | 1 829.46 | 1 479.60 |
Net debt | -3.73 | - 266.01 | - 591.39 | - 250.25 | - 476.74 |
Profitability | |||||
EBIT-% | 46.2 % | 64.7 % | 10.8 % | 25.8 % | 6.9 % |
ROA | -18.8 % | 12.5 % | 4.8 % | 15.5 % | 7.4 % |
ROE | -76.4 % | 67.1 % | 20.9 % | 52.3 % | 16.5 % |
ROI | -48.7 % | 34.7 % | 18.1 % | 68.2 % | 24.9 % |
Economic value added (EVA) | 41.71 | 171.76 | 38.88 | 179.22 | 67.57 |
Solvency | |||||
Equity ratio | 13.8 % | 19.8 % | 20.1 % | 24.7 % | 36.1 % |
Gearing | 181.9 % | 72.2 % | |||
Relative net indebtedness % | 398.8 % | 106.1 % | 50.2 % | 118.8 % | 26.4 % |
Liquidity | |||||
Quick ratio | 0.3 | 0.7 | 0.8 | 0.9 | 0.7 |
Current ratio | 0.3 | 0.7 | 0.8 | 0.9 | 0.7 |
Cash and cash equivalents | 197.99 | 420.97 | 591.39 | 250.25 | 476.74 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 137.8 | 57.1 | 261.7 | 45.2 | |
Net working capital % | -398.8 % | -64.9 % | -32.7 % | -8.4 % | -14.0 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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