MORE ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MORE ApS
MORE ApS (CVR number: 25332040) is a company from GLADSAXE. The company recorded a gross profit of -97.4 kDKK in 2024. The operating profit was -105.2 kDKK, while net earnings were 38.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.9 %, which can be considered decent but Return on Equity (ROE) was 1.5 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at -42.6 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. MORE ApS's liquidity measured by quick ratio was 0.6 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -26.59 | -97.27 | - 130.04 | 209.00 | -97.44 |
EBIT | -26.59 | -97.27 | - 137.76 | 201.28 | - 105.16 |
Net earnings | 8.36 | 238.21 | - 429.80 | 188.71 | 38.67 |
Shareholders equity total | -1 823.10 | -1 584.88 | -2 014.68 | -1 825.98 | -1 787.31 |
Balance sheet total (assets) | 2 219.58 | 2 620.20 | 2 347.08 | 2 710.30 | 2 410.44 |
Net debt | 1 907.87 | 1 670.93 | 2 309.71 | 2 313.79 | 2 059.86 |
Profitability | |||||
EBIT-% | |||||
ROA | 4.1 % | 9.9 % | -2.0 % | 9.4 % | 4.9 % |
ROE | 0.6 % | 9.8 % | -17.3 % | 7.5 % | 1.5 % |
ROI | 4.1 % | 10.0 % | -2.0 % | 9.4 % | 4.9 % |
Economic value added (EVA) | 94.70 | 100.99 | 106.26 | 358.82 | 123.18 |
Solvency | |||||
Equity ratio | -45.1 % | -37.7 % | -46.2 % | -40.3 % | -42.6 % |
Gearing | -221.1 % | -264.4 % | -216.0 % | -247.8 % | -234.2 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.5 | 0.6 | 0.5 | 0.6 | 0.6 |
Current ratio | 0.5 | 0.6 | 0.5 | 0.6 | 0.6 |
Cash and cash equivalents | 2 122.18 | 2 520.07 | 2 042.05 | 2 211.78 | 2 126.28 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BBB | BB | BB | BB |
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