More Than Audio ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 81.90 | 465.20 | 860.11 | -61.40 | 148.00 |
| EBIT | -18.10 | 225.20 | 620.11 | -61.40 | -2.00 |
| Net earnings | 0.00 | 188.43 | - 247.68 | 818.75 | 1 574.65 |
| Shareholders equity total | 361.20 | 549.63 | 301.95 | 1 120.69 | 2 695.34 |
| Balance sheet total (assets) | 756.49 | 1 129.97 | 1 186.74 | 2 878.97 | 6 490.79 |
| Net debt | - 221.12 | - 733.89 | - 522.81 | -1 276.15 | -3 321.85 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 0.2 % | 26.3 % | 53.5 % | 55.6 % | 46.5 % |
| ROE | 0.0 % | 41.4 % | -58.2 % | 115.1 % | 82.5 % |
| ROI | 0.3 % | 51.7 % | 85.2 % | 62.8 % | 50.9 % |
| Economic value added (EVA) | -36.29 | 154.93 | 456.22 | -92.94 | - 137.48 |
| Solvency | |||||
| Equity ratio | 47.7 % | 48.6 % | 25.4 % | 38.9 % | 41.5 % |
| Gearing | 10.8 % | 1.8 % | 196.9 % | 141.4 % | 117.1 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.7 | 1.9 | 1.3 | 1.6 | 1.7 |
| Current ratio | 1.9 | 1.9 | 1.3 | 1.6 | 1.7 |
| Cash and cash equivalents | 260.00 | 743.83 | 1 117.32 | 2 860.41 | 6 477.34 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BBB | BB | BBB | BBB |
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