Mornings ApS — Credit Rating and Financial Key Figures

CVR number: 33362749
Rugårdsvej 55 A, 5000 Odense C
mail@morningtrain.dk
tel: 71995530
www.morningtrain.dk

Credit rating

Company information

Official name
Mornings ApS
Personnel
39 persons
Established
2010
Company form
Private limited company
Industry

About Mornings ApS

Mornings ApS (CVR number: 33362749) is a company from ODENSE. The company recorded a gross profit of 21.3 mDKK in 2024. The operating profit was -226.8 kDKK, while net earnings were -161 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.3 %, which can be considered poor and Return on Equity (ROE) was -3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 68 %, 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. Mornings ApS's liquidity measured by quick ratio was 3.5 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 profit16 232.7822 715.1323 630.0020 249.0021 270.40
EBIT4 083.154 701.523 165.0050.00- 226.79
Net earnings3 166.333 633.862 427.0045.00- 161.02
Shareholders equity total5 325.706 959.576 387.005 431.005 270.39
Balance sheet total (assets)11 860.2112 595.4910 779.008 940.008 526.14
Net debt-3 358.17-4 386.78-7 658.00-5 281.00-5 174.74
Profitability
EBIT-%
ROA44.2 %38.4 %27.1 %0.7 %-2.3 %
ROE72.5 %59.2 %36.4 %0.8 %-3.0 %
ROI88.4 %73.6 %45.3 %1.1 %-3.6 %
Economic value added (EVA)3 000.783 373.612 097.18- 303.33- 472.99
Solvency
Equity ratio49.7 %63.7 %68.5 %66.7 %68.0 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio2.23.23.93.53.5
Current ratio1.82.22.52.62.6
Cash and cash equivalents3 358.174 386.787 658.005 281.005 174.74
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:-2.29%
Rating: 18/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:68.0%
Rating: 52/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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