EDC Mors Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About EDC Mors Holding ApS
EDC Mors Holding ApS (CVR number: 40074503) is a company from MORSØ. The company reported a net sales of 0.7 mDKK in 2023, demonstrating a growth of -328.5 % compared to the previous year. The operating profit percentage was at 98.7 % (EBIT: 0.7 mDKK), while net earnings were 702 kDKK. The profitability of the company measured by Return on Assets (ROA) was 31.7 %, which can be considered excellent and Return on Equity (ROE) was 49.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 64 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. EDC Mors Holding ApS's liquidity measured by quick ratio was 1.1 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 505.14 | 872.27 | 549.53 | - 306.75 | 701.06 |
Gross profit | -0.64 | 872.27 | 542.02 | - 314.88 | 691.68 |
EBIT | 504.50 | 872.27 | 542.02 | - 314.88 | 691.68 |
Net earnings | 503.30 | 871.05 | 542.39 | - 310.93 | 702.01 |
Shareholders equity total | 553.29 | 1 424.34 | 1 366.73 | 1 055.80 | 1 757.81 |
Balance sheet total (assets) | 862.29 | 1 742.61 | 1 777.51 | 1 863.02 | 2 747.38 |
Net debt | 394.82 | 318.26 | 410.77 | 782.13 | 818.30 |
Profitability | |||||
EBIT-% | 99.9 % | 100.0 % | 98.6 % | 98.7 % | |
ROA | 118.0 % | 67.6 % | 31.3 % | -17.0 % | 31.7 % |
ROE | 91.0 % | 88.1 % | 38.9 % | -25.7 % | 49.9 % |
ROI | 107.3 % | 65.4 % | 31.3 % | -17.2 % | 33.1 % |
Economic value added (EVA) | 504.84 | 900.61 | 585.52 | - 244.47 | 745.44 |
Solvency | |||||
Equity ratio | 64.2 % | 81.7 % | 76.9 % | 56.7 % | 64.0 % |
Gearing | 71.4 % | 22.3 % | 30.1 % | 74.1 % | 46.6 % |
Relative net indebtedness % | 61.2 % | 36.5 % | 74.7 % | -263.1 % | 141.2 % |
Liquidity | |||||
Quick ratio | 0.8 | 0.8 | 0.9 | 1.0 | 1.1 |
Current ratio | 0.8 | 0.8 | 0.9 | 1.0 | 1.1 |
Cash and cash equivalents | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -10.3 % | -6.1 % | -10.0 % | 11.2 % | 12.5 % |
Credit risk | |||||
Credit rating | BBB | A | A | BB | A |
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