MORTEN NØRGAARD ApS — Credit Rating and Financial Key Figures

CVR number: 29822492
Kappa 14, Søften 8382 Hinnerup
info@morten-norgaard.dk
tel: 21733382

Company information

Official name
MORTEN NØRGAARD ApS
Personnel
10 persons
Established
2009
Domicile
Søften
Company form
Private limited company
Industry

About MORTEN NØRGAARD ApS

MORTEN NØRGAARD ApS (CVR number: 29822492) is a company from FAVRSKOV. The company recorded a gross profit of 8837.6 kDKK in 2023. The operating profit was 840.3 kDKK, while net earnings were 471.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.7 %, which can be considered decent but Return on Equity (ROE) was 12.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 29 %, 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 NØRGAARD ApS's liquidity measured by quick ratio was 1.2 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit6 691.247 480.587 448.708 575.018 837.59
EBIT767.16548.84675.74594.97840.34
Net earnings496.72255.68441.62386.05471.17
Shareholders equity total3 130.383 386.063 227.683 613.734 084.89
Balance sheet total (assets)11 193.6512 851.8412 056.3312 003.3014 070.55
Net debt5 876.336 067.405 971.094 966.585 802.05
Profitability
EBIT-%
ROA7.7 %4.7 %5.4 %5.5 %6.7 %
ROE17.2 %7.8 %13.4 %11.3 %12.2 %
ROI8.9 %5.7 %6.9 %7.1 %8.9 %
Economic value added (EVA)285.8962.89159.76136.75322.09
Solvency
Equity ratio28.0 %26.3 %26.8 %30.1 %29.0 %
Gearing193.1 %179.4 %185.2 %153.8 %142.0 %
Relative net indebtedness %
Liquidity
Quick ratio1.11.21.11.11.2
Current ratio1.11.21.11.11.2
Cash and cash equivalents167.005.605.60589.55
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:6.69%
Rating: 48/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:29.0%
Rating: 26/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

Companies in the same industry

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

... and more!

No registration needed.