MoreFutures A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MoreFutures A/S
MoreFutures A/S (CVR number: 19154491) is a company from KØBENHAVN. The company recorded a gross profit of -396.2 kDKK in 2023. The operating profit was -1214 kDKK, while net earnings were 2097.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.6 %, which can be considered weak and Return on Equity (ROE) was 3.6 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 83.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MoreFutures A/S's liquidity measured by quick ratio was 3.9 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 61.89 | 332.17 | 791.11 | - 739.55 | - 396.16 |
EBIT | - 278.31 | -61.99 | - 786.61 | -1 608.66 | -1 214.03 |
Net earnings | 4 059.83 | -4 309.43 | 5 685.84 | 39 627.25 | 2 097.47 |
Shareholders equity total | 36 130.02 | 31 709.99 | 36 395.83 | 61 023.08 | 55 120.55 |
Balance sheet total (assets) | 44 288.65 | 40 695.90 | 43 350.82 | 69 049.76 | 65 766.09 |
Net debt | 284.06 | 1 471.54 | -37.97 | -19 928.87 | -11 536.90 |
Profitability | |||||
EBIT-% | |||||
ROA | 12.2 % | -6.5 % | 13.9 % | 75.2 % | 3.6 % |
ROE | 11.9 % | -12.7 % | 16.7 % | 81.4 % | 3.6 % |
ROI | 11.3 % | -9.0 % | 15.2 % | 76.5 % | 6.6 % |
Economic value added (EVA) | -1 347.62 | -1 404.11 | -2 107.78 | -3 097.43 | -3 039.52 |
Solvency | |||||
Equity ratio | 81.6 % | 77.9 % | 84.1 % | 88.4 % | 83.8 % |
Gearing | 17.0 % | 24.5 % | 15.5 % | 8.5 % | 9.5 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 5.7 | 3.7 | 2.9 | 8.4 | 3.9 |
Current ratio | 5.7 | 3.7 | 2.9 | 8.4 | 3.9 |
Cash and cash equivalents | 5 842.77 | 6 295.92 | 5 671.13 | 25 095.21 | 16 787.22 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | AA | BBB | AA | A | AA |
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