MORTEN FICH-OLSEN HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MORTEN FICH-OLSEN HOLDING ApS
MORTEN FICH-OLSEN HOLDING ApS (CVR number: 32569889) is a company from AALBORG. The company reported a net sales of 1.2 mDKK in 2023, demonstrating a growth of 71.5 % compared to the previous year. The operating profit percentage was at 97.9 % (EBIT: 1.2 mDKK), while net earnings were 1154 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21.8 %, which can be considered excellent and Return on Equity (ROE) was 22 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 99.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MORTEN FICH-OLSEN HOLDING ApS's liquidity measured by quick ratio was 104.1 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 536.17 | 1 455.67 | 1 363.28 | 691.31 | 1 185.76 |
Gross profit | 522.54 | 1 444.29 | 1 356.73 | 675.36 | 1 160.63 |
EBIT | 522.54 | 1 444.29 | 1 356.73 | 675.36 | 1 160.63 |
Net earnings | 519.32 | 1 442.73 | 1 350.10 | 666.50 | 1 154.03 |
Shareholders equity total | 3 748.29 | 5 080.42 | 5 497.53 | 4 889.02 | 5 584.05 |
Balance sheet total (assets) | 4 124.16 | 5 246.47 | 5 780.88 | 5 060.15 | 5 593.40 |
Net debt | - 269.74 | - 564.18 | - 607.31 | - 298.86 | - 344.69 |
Profitability | |||||
EBIT-% | 97.5 % | 99.2 % | 99.5 % | 97.7 % | 97.9 % |
ROA | 12.4 % | 30.8 % | 24.6 % | 12.5 % | 21.8 % |
ROE | 13.8 % | 32.7 % | 25.5 % | 12.8 % | 22.0 % |
ROI | 13.7 % | 32.2 % | 25.1 % | 12.8 % | 22.1 % |
Economic value added (EVA) | 331.48 | 1 252.50 | 1 097.26 | 392.26 | 913.31 |
Solvency | |||||
Equity ratio | 90.9 % | 96.8 % | 95.1 % | 96.6 % | 99.8 % |
Gearing | 1.8 % | 1.6 % | 2.5 % | 0.7 % | 0.0 % |
Relative net indebtedness % | 7.0 % | -33.1 % | -33.8 % | -23.2 % | -28.3 % |
Liquidity | |||||
Quick ratio | 1.4 | 5.7 | 3.7 | 3.7 | 104.1 |
Current ratio | 1.4 | 5.7 | 3.7 | 3.7 | 104.1 |
Cash and cash equivalents | 338.27 | 647.46 | 743.58 | 331.54 | 345.04 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 25.8 % | 53.3 % | 55.4 % | 65.8 % | 81.3 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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