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Morten Friis Holding I ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Morten Friis Holding I ApS
Morten Friis Holding I ApS (CVR number: 40345825) is a company from HEDENSTED. The company recorded a gross profit of -47.7 kDKK in 2024. The operating profit was -47.7 kDKK, while net earnings were -1787.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.7 %, which can be considered weak but Return on Equity (ROE) was -5.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 94.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Morten Friis Holding I ApS's liquidity measured by quick ratio was 7.7 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -28.82 | -31.41 | -33.27 | -38.80 | -47.72 |
| EBIT | -28.82 | -31.41 | -33.27 | -38.80 | -47.72 |
| Net earnings | 7 627.20 | 381.46 | -7.56 | - 705.27 | -1 787.47 |
| Shareholders equity total | 34 146.66 | 34 388.11 | 34 380.55 | 33 675.28 | 31 887.81 |
| Balance sheet total (assets) | 35 920.87 | 36 159.46 | 36 390.03 | 35 505.81 | 33 753.94 |
| Net debt | -11 564.47 | -9 927.32 | -8 632.49 | -5 238.68 | -5 388.54 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 25.1 % | 4.3 % | 0.7 % | -1.1 % | 0.7 % |
| ROE | 25.1 % | 1.1 % | -0.0 % | -2.1 % | -5.5 % |
| ROI | 26.3 % | 4.6 % | 0.7 % | -1.1 % | 0.8 % |
| Economic value added (EVA) | -1 364.07 | -1 747.10 | -1 760.81 | -1 757.92 | -1 747.24 |
| Solvency | |||||
| Equity ratio | 95.1 % | 95.1 % | 94.5 % | 94.8 % | 94.5 % |
| Gearing | |||||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 8.5 | 7.2 | 6.7 | 7.5 | 7.7 |
| Current ratio | 8.5 | 7.2 | 6.7 | 7.5 | 7.7 |
| Cash and cash equivalents | 11 564.47 | 9 927.32 | 8 632.49 | 5 238.68 | 5 388.54 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | A | A | A | A |
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