MORNING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MORNING ApS
MORNING ApS (CVR number: 31628377K) is a company from KØBENHAVN. The company reported a net sales of 1047 mDKK in 2024, demonstrating a growth of 27.4 % compared to the previous year. The operating profit percentage was at 4.8 % (EBIT: 50.2 mDKK), while net earnings were 35.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 12 %, which can be considered good but Return on Equity (ROE) was 26.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 34.2 %, 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. MORNING ApS's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 518.91 | 666.09 | 841.87 | 821.60 | 1 047.04 |
| Gross profit | 174.30 | 204.91 | 255.64 | 274.04 | 340.91 |
| EBIT | 15.47 | 21.87 | 36.28 | 37.83 | 50.16 |
| Net earnings | 16.84 | 17.17 | 30.35 | 34.56 | 35.15 |
| Shareholders equity total | 67.61 | 83.26 | 111.04 | 142.09 | 168.82 |
| Balance sheet total (assets) | 255.59 | 314.77 | 366.00 | 434.85 | 501.31 |
| Net debt | -13.54 | -14.33 | -23.90 | -35.01 | 0.75 |
| Profitability | |||||
| EBIT-% | 3.0 % | 3.3 % | 4.3 % | 4.6 % | 4.8 % |
| ROA | 9.4 % | 8.4 % | 12.2 % | 11.2 % | 12.0 % |
| ROE | 31.9 % | 25.7 % | 35.8 % | 31.7 % | 26.2 % |
| ROI | 22.1 % | 19.6 % | 25.4 % | 23.0 % | 21.4 % |
| Economic value added (EVA) | 7.66 | 10.63 | 21.22 | 20.31 | 26.96 |
| Solvency | |||||
| Equity ratio | 26.5 % | 26.5 % | 30.3 % | 32.7 % | 34.2 % |
| Gearing | 15.4 % | 14.1 % | 12.4 % | 11.6 % | 15.3 % |
| Relative net indebtedness % | 28.5 % | 27.7 % | 22.4 % | 25.7 % | 26.9 % |
| Liquidity | |||||
| Quick ratio | 1.2 | 1.2 | 1.3 | 1.2 | 1.2 |
| Current ratio | 1.3 | 1.2 | 1.3 | 1.3 | 1.2 |
| Cash and cash equivalents | 23.98 | 26.05 | 37.62 | 51.47 | 25.14 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 84.5 | 81.9 | 75.8 | 76.0 | 69.6 |
| Net working capital % | 7.0 % | 6.0 % | 7.1 % | 6.9 % | 4.0 % |
| Credit risk | |||||
| Credit rating | A | A | AA | AA | AA |
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