More Than Audio ApS — Credit Rating and Financial Key Figures

CVR number: 39500108
Farverland 1 B, 2600 Glostrup
tel: 28140851

Credit rating

Company information

Official name
More Than Audio ApS
Established
2018
Company form
Private limited company
Industry

About More Than Audio ApS

More Than Audio ApS (CVR number: 39500108) is a company from ALBERTSLUND. The company recorded a gross profit of 148 kDKK in 2024. The operating profit was -2 kDKK, while net earnings were 1574.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 46.5 %, which can be considered excellent and Return on Equity (ROE) was 82.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 41.5 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. More Than Audio ApS's liquidity measured by quick ratio was 1.7 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit81.90465.20860.11-61.40148.00
EBIT-18.10225.20620.11-61.40-2.00
Net earnings0.00188.43- 247.68818.751 574.65
Shareholders equity total361.20549.63301.951 120.692 695.34
Balance sheet total (assets)756.491 129.971 186.742 878.976 490.79
Net debt- 221.12- 733.89- 522.81-1 276.15-3 321.85
Profitability
EBIT-%
ROA0.2 %26.3 %53.5 %55.6 %46.5 %
ROE0.0 %41.4 %-58.2 %115.1 %82.5 %
ROI0.3 %51.7 %85.2 %62.8 %50.9 %
Economic value added (EVA)-36.29154.93456.22-92.94- 137.48
Solvency
Equity ratio47.7 %48.6 %25.4 %38.9 %41.5 %
Gearing10.8 %1.8 %196.9 %141.4 %117.1 %
Relative net indebtedness %
Liquidity
Quick ratio1.71.91.31.61.7
Current ratio1.91.91.31.61.7
Cash and cash equivalents260.00743.831 117.322 860.416 477.34
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:46.5%
Rating: 92/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:41.5%
Rating: 34/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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