MORTEN KORSGAARD HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 35413340
Kolt Østerparken 182, 8361 Hasselager

Company information

Official name
MORTEN KORSGAARD HOLDING ApS
Established
2013
Company form
Private limited company
Industry

About MORTEN KORSGAARD HOLDING ApS

MORTEN KORSGAARD HOLDING ApS (CVR number: 35413340) is a company from AARHUS. The company recorded a gross profit of -20.8 kDKK in 2023. The operating profit was -20.8 kDKK, while net earnings were 274.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.6 %, which can be considered good and Return on Equity (ROE) was 8.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 99.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MORTEN KORSGAARD HOLDING ApS's liquidity measured by quick ratio was 532.6 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-1.37-36.42- 694.23-20.76
EBIT-1.37-36.42- 694.23-20.76
Net earnings404.353 119.07406.16- 629.50274.32
Shareholders equity total420.313 484.073 833.643 146.943 362.36
Balance sheet total (assets)669.913 492.213 841.633 155.313 368.61
Net debt- 285.28-1 611.81-2 109.94-2 401.61-2 993.54
Profitability
EBIT-%
ROA102.4 %150.4 %11.2 %-9.2 %10.6 %
ROE164.9 %159.8 %11.1 %-18.0 %8.4 %
ROI143.0 %159.3 %11.2 %-9.2 %10.6 %
Economic value added (EVA)2.55-2.36- 128.49- 732.99-50.93
Solvency
Equity ratio62.7 %99.8 %99.8 %99.7 %99.8 %
Gearing6.0 %
Relative net indebtedness %
Liquidity
Quick ratio2.3424.1475.7372.2532.6
Current ratio2.3424.1475.7372.2532.6
Cash and cash equivalents310.621 611.812 109.942 401.612 993.54
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBABBBA

Variable visualization

ROA:10.6%
Rating: 59/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:99.8%
Rating: 97/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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