Martin Kvorning Sørensen ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Martin Kvorning Sørensen ApS
Martin Kvorning Sørensen ApS (CVR number: 39546108) is a company from VIBORG. The company recorded a gross profit of -15 kDKK in 2023. The operating profit was -15 kDKK, while net earnings were 348.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 15.1 %, which can be considered excellent and Return on Equity (ROE) was 40.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 36.2 %, 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. Martin Kvorning Sørensen ApS's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -16.63 | -9.50 | -10.00 | -12.25 | -15.00 |
EBIT | -16.63 | -9.50 | -10.00 | -12.25 | -15.00 |
Net earnings | -7.04 | 167.55 | 174.89 | 408.79 | 348.36 |
Shareholders equity total | 98.91 | 266.46 | 441.35 | 735.73 | 966.29 |
Balance sheet total (assets) | 529.31 | 624.07 | 2 175.55 | 2 630.40 | 2 670.65 |
Net debt | 143.77 | 183.93 | 225.73 | 185.69 | 189.84 |
Profitability | |||||
EBIT-% | |||||
ROA | 2.1 % | 31.9 % | 13.4 % | 19.2 % | 15.1 % |
ROE | -6.9 % | 91.7 % | 49.4 % | 69.5 % | 40.9 % |
ROI | 3.9 % | 49.8 % | 32.8 % | 52.2 % | 33.9 % |
Economic value added (EVA) | 8.21 | 13.71 | 16.06 | 87.53 | 85.74 |
Solvency | |||||
Equity ratio | 18.7 % | 42.7 % | 20.3 % | 28.0 % | 36.2 % |
Gearing | 185.8 % | 71.0 % | 54.7 % | 48.0 % | 32.1 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.2 | 0.0 | 0.1 | 0.7 | 0.8 |
Current ratio | 0.2 | 0.0 | 0.1 | 0.7 | 0.8 |
Cash and cash equivalents | 40.05 | 5.34 | 15.56 | 167.34 | 119.86 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BBB | BBB | BBB | BBB |
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