Morten Rask Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Morten Rask Holding ApS
Morten Rask Holding ApS (CVR number: 40535292) is a company from VESTHIMMERLANDS. The company recorded a gross profit of -6 kDKK in 2024. The operating profit was -6 kDKK, while net earnings were -14 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.2 %, which can be considered weak but Return on Equity (ROE) was -2.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 66.8 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Morten Rask Holding 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 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -4.11 | -4.23 | -6.73 | -9.50 | -6.00 |
EBIT | -4.11 | -4.23 | -6.73 | -9.50 | -6.00 |
Net earnings | 49.39 | 251.05 | 190.80 | 126.83 | -14.03 |
Shareholders equity total | 76.26 | 327.30 | 460.91 | 528.84 | 453.80 |
Balance sheet total (assets) | 301.80 | 334.55 | 513.28 | 849.22 | 679.81 |
Net debt | 222.14 | -33.35 | - 210.84 | - 138.08 | 69.96 |
Profitability | |||||
EBIT-% | |||||
ROA | 25.0 % | 80.6 % | 45.7 % | 19.9 % | 0.2 % |
ROE | 95.8 % | 124.4 % | 48.4 % | 25.6 % | -2.9 % |
ROI | 25.3 % | 81.9 % | 49.2 % | 27.3 % | 0.3 % |
Economic value added (EVA) | -5.46 | -8.06 | -21.51 | -22.07 | 0.46 |
Solvency | |||||
Equity ratio | 25.3 % | 97.8 % | 89.8 % | 62.3 % | 66.8 % |
Gearing | 291.3 % | 15.4 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.0 | 4.8 | 4.1 | 1.0 | 0.7 |
Current ratio | 0.0 | 4.8 | 4.1 | 1.0 | 0.7 |
Cash and cash equivalents | 33.35 | 210.84 | 138.08 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BBB | BBB | BBB |
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