MORTEN NIELSEN HOLDING, AARS ApS — Credit Rating and Financial Key Figures

CVR number: 32339352
Gl Blærevej 43, 9600 Aars

Credit rating

Company information

Official name
MORTEN NIELSEN HOLDING, AARS ApS
Established
2013
Company form
Private limited company
Industry

About MORTEN NIELSEN HOLDING, AARS ApS

MORTEN NIELSEN HOLDING, AARS ApS (CVR number: 32339352) is a company from VESTHIMMERLANDS. The company recorded a gross profit of 89.5 kDKK in 2024. The operating profit was 84.2 kDKK, while net earnings were 542.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13.4 %, which can be considered good but Return on Equity (ROE) was 16.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 63.7 %, 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 NIELSEN HOLDING, AARS ApS's liquidity measured by quick ratio was 0.5 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

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 profit48.3962.48113.3865.0289.46
EBIT45.4858.00108.1359.7684.24
Net earnings163.66480.74392.40472.86542.39
Shareholders equity total2 026.132 393.872 671.883 026.943 447.32
Balance sheet total (assets)2 847.923 849.213 958.594 170.535 415.96
Net debt560.381 022.06950.68918.831 600.00
Profitability
EBIT-%
ROA6.8 %15.5 %11.6 %12.8 %13.4 %
ROE8.2 %21.8 %15.5 %16.6 %16.8 %
ROI7.2 %16.7 %12.4 %13.3 %14.0 %
Economic value added (EVA)-98.65-91.19-93.10- 142.39- 149.69
Solvency
Equity ratio71.1 %62.2 %67.5 %72.6 %63.7 %
Gearing32.2 %45.1 %39.0 %33.1 %47.0 %
Relative net indebtedness %
Liquidity
Quick ratio3.91.42.95.00.5
Current ratio3.91.42.95.00.5
Cash and cash equivalents92.3758.7790.5282.2321.57
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:13.4%
Rating: 64/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:63.7%
Rating: 49/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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