Morten Frisk ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Morten Frisk ApS
Morten Frisk ApS (CVR number: 41044691) is a company from NORDDJURS. The company recorded a gross profit of -6.1 kDKK in 2023. The operating profit was -6.1 kDKK, while net earnings were -6.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -28.2 %, which can be considered poor and Return on Equity (ROE) was -34.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -31.2 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Morten Frisk ApS's liquidity measured by quick ratio was 0.7 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 | |
|---|---|---|---|---|
| Volume | ||||
| Net sales | ||||
| Gross profit | -10.68 | -5.70 | -5.86 | -6.08 |
| EBIT | -10.68 | -5.70 | -5.86 | -6.08 |
| Net earnings | -28.63 | -5.97 | -6.04 | -6.08 |
| Shareholders equity total | 11.37 | 5.40 | -0.64 | -6.72 |
| Balance sheet total (assets) | 32.88 | 26.91 | 20.87 | 14.79 |
| Net debt | -32.88 | -26.91 | -20.87 | -14.79 |
| Profitability | ||||
| EBIT-% | ||||
| ROA | -86.5 % | -19.1 % | -24.2 % | -28.2 % |
| ROE | -251.8 % | -71.2 % | -46.0 % | -34.1 % |
| ROI | -250.2 % | -68.0 % | -217.1 % | |
| Economic value added (EVA) | -10.68 | -4.62 | -4.78 | -5.00 |
| Solvency | ||||
| Equity ratio | 34.6 % | 20.1 % | -3.0 % | -31.2 % |
| Gearing | ||||
| Relative net indebtedness % | ||||
| Liquidity | ||||
| Quick ratio | 1.5 | 1.3 | 1.0 | 0.7 |
| Current ratio | 1.5 | 1.3 | 1.0 | 0.7 |
| Cash and cash equivalents | 32.88 | 26.91 | 20.87 | 14.79 |
| Capital use efficiency | ||||
| Trade debtors turnover (days) | ||||
| Net working capital % | ||||
| Credit risk | ||||
| Credit rating | B | BB | BB | BB |
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