FRISØR MORGENHÅR HORSENS ApS — Credit Rating and Financial Key Figures

CVR number: 34074798
Viborgvej 55, 7400 Herning
kw@morgenhaar.dk

Company information

Official name
FRISØR MORGENHÅR HORSENS ApS
Personnel
11 persons
Established
2011
Company form
Private limited company
Industry

About FRISØR MORGENHÅR HORSENS ApS

FRISØR MORGENHÅR HORSENS ApS (CVR number: 34074798) is a company from HERNING. The company recorded a gross profit of 2748.2 kDKK in 2022. The operating profit was -458.5 kDKK, while net earnings were -495.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -20.9 %, which can be considered poor and Return on Equity (ROE) was -28.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -29.1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. FRISØR MORGENHÅR HORSENS ApS'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
2018
2019
2020
2021
2022
Volume
Net sales
Gross profit2 769.002 583.002 447.001 820.002 748.18
EBIT67.0094.00347.00- 263.00- 458.47
Net earnings45.0063.00260.00- 203.00- 495.54
Shareholders equity total125.00143.00340.00- 113.00- 609.11
Balance sheet total (assets)1 109.001 165.001 469.001 962.001 485.89
Net debt41.0091.00- 242.00- 140.00106.09
Profitability
EBIT-%
ROA7.3 %9.8 %27.4 %-14.2 %-20.9 %
ROE32.8 %47.0 %107.7 %-17.6 %-28.7 %
ROI23.5 %38.2 %75.8 %-49.2 %-126.9 %
Economic value added (EVA)37.0161.93255.88- 202.58- 437.26
Solvency
Equity ratio11.3 %12.3 %23.1 %-5.4 %-29.1 %
Gearing116.0 %80.4 %25.0 %-166.4 %-23.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.70.61.10.60.4
Current ratio1.01.01.50.90.6
Cash and cash equivalents104.0024.00327.00328.0037.84
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:-20.9%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-29.1%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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