MORTEN FRIIS A/S — Credit Rating and Financial Key Figures

CVR number: 58992615
Hornsyld Industrivej 17, 8783 Hornsyld
tel: 75687155

Company information

Official name
MORTEN FRIIS A/S
Personnel
31 persons
Established
1976
Company form
Limited company
Industry

About MORTEN FRIIS A/S

MORTEN FRIIS A/S (CVR number: 58992615) is a company from HEDENSTED. The company recorded a gross profit of 20.8 mDKK in 2023. The operating profit was 3738.8 kDKK, while net earnings were 2734.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 22.1 %, which can be considered excellent and Return on Equity (ROE) was 60.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 32.7 %, 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. MORTEN FRIIS A/S's liquidity measured by quick ratio was 1.6 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit14 602.0014 730.7521 148.3015 543.7820 849.95
EBIT1 243.93580.484 158.26- 790.603 738.84
Net earnings810.81319.713 076.22- 830.192 734.61
Shareholders equity total4 856.564 526.277 602.503 172.315 906.92
Balance sheet total (assets)12 712.0917 176.0519 921.8715 685.9118 084.84
Net debt-3 633.58- 629.74-5 296.521 956.20-3 540.26
Profitability
EBIT-%
ROA9.1 %3.9 %22.4 %-4.4 %22.1 %
ROE15.2 %6.8 %50.7 %-15.4 %60.2 %
ROI16.8 %8.3 %47.6 %-8.8 %52.7 %
Economic value added (EVA)726.55376.123 019.24- 768.992 534.46
Solvency
Equity ratio38.2 %26.4 %38.2 %20.2 %32.7 %
Gearing5.3 %4.0 %64.1 %
Relative net indebtedness %
Liquidity
Quick ratio1.91.41.91.51.6
Current ratio1.91.51.91.51.6
Cash and cash equivalents3 891.91629.745 596.8476.123 540.26
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAABBBAABBBA

Variable visualization

ROA:22.1%
Rating: 77/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:32.7%
Rating: 28/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

Companies in the same industry

Try the full version of our system for free
Bankruptcy risk visualization example

... and more!

No registration needed.