Morsø Taxi & Flextrafik K/S — Credit Rating and Financial Key Figures

CVR number: 38107720
Nørrebro 70 B, 7900 Nykøbing M
info@m-tt.dk

Credit rating

Company information

Official name
Morsø Taxi & Flextrafik K/S
Personnel
35 persons
Established
2016
Company form
Limited partnership
Industry

About Morsø Taxi & Flextrafik K/S

Morsø Taxi & Flextrafik K/S (CVR number: 38107720) is a company from MORSØ. The company recorded a gross profit of 8147.8 kDKK in 2023. The operating profit was 302.3 kDKK, while net earnings were 189.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7 %, which can be considered decent but Return on Equity (ROE) was 10.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 1.6 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Morsø Taxi & Flextrafik K/S'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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit296.81- 291.1490.7110 274.328 147.79
EBIT-28.20- 212.25-17.851 902.39302.32
Net earnings-39.61- 224.71-30.991 807.43189.66
Shareholders equity total268.59695.53664.543 508.8448.45
Balance sheet total (assets)1 247.811 993.962 565.355 655.572 970.30
Net debt325.95480.81911.121 278.361 963.73
Profitability
EBIT-%
ROA-2.2 %-13.1 %-0.8 %46.3 %7.0 %
ROE-13.7 %-46.6 %-4.6 %86.6 %10.7 %
ROI-2.9 %-24.0 %-1.3 %59.8 %8.9 %
Economic value added (EVA)-56.42- 234.48-57.771 867.9691.19
Solvency
Equity ratio21.5 %34.9 %25.9 %62.0 %1.6 %
Gearing121.4 %69.1 %137.1 %36.4 %4053.3 %
Relative net indebtedness %
Liquidity
Quick ratio1.41.11.02.90.7
Current ratio1.41.11.02.90.7
Cash and cash equivalents
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBABBB

Variable visualization

ROA:7.01%
Rating: 49/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:1.63%
Rating: 2/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

Companies in the same industry

Try the full version of our system for free
Bankruptcy risk visualization example

... and more!

No registration needed.