ERIK & OLE MORTENSEN HOLDING A/S — Credit Rating and Financial Key Figures

CVR number: 29890617
Hørhavevej 59-61, 8270 Højbjerg
ole.vm@mail.dk
tel: 86276899

Company information

Official name
ERIK & OLE MORTENSEN HOLDING A/S
Personnel
3 persons
Established
1972
Company form
Limited company
Industry

About ERIK & OLE MORTENSEN HOLDING A/S

ERIK & OLE MORTENSEN HOLDING A/S (CVR number: 29890617) is a company from AARHUS. The company recorded a gross profit of 7699.3 kDKK in 2024. The operating profit was 6521.1 kDKK, while net earnings were 5117.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.4 %, which can be considered decent and Return on Equity (ROE) was 6.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 76.2 %, 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. ERIK & OLE MORTENSEN HOLDING A/S's liquidity measured by quick ratio was 2.2 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit1 307.894 478.285 213.5710 479.297 699.28
EBIT745.224 000.364 722.149 891.106 521.15
Net earnings750.403 056.625 184.557 947.285 117.45
Shareholders equity total62 893.1161 749.7266 760.9474 108.2277 425.67
Balance sheet total (assets)75 479.6979 028.8885 820.7096 358.04101 611.51
Net debt-8 370.00-8 453.10-13 875.71-20 394.14-20 644.90
Profitability
EBIT-%
ROA1.0 %5.2 %7.9 %11.7 %7.4 %
ROE1.2 %4.9 %8.1 %11.3 %6.8 %
ROI1.0 %5.2 %8.0 %11.9 %7.4 %
Economic value added (EVA)1 884.114 254.624 912.989 212.686 612.07
Solvency
Equity ratio83.3 %78.1 %77.8 %76.9 %76.2 %
Gearing19.5 %25.1 %23.9 %26.1 %29.0 %
Relative net indebtedness %
Liquidity
Quick ratio2.32.02.12.22.2
Current ratio3.52.92.92.92.8
Cash and cash equivalents20 617.5123 981.0129 840.5039 715.7543 118.23
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:7.40%
Rating: 50/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:76.2%
Rating: 57/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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