MORTEN ERNSTSEN ApS

CVR number: 28323689
Terp Skovvej 83, 8270 Højbjerg

Credit rating

Company information

Official name
MORTEN ERNSTSEN ApS
Established
2005
Company form
Private limited company
Industry
  • Expand more icon46Wholesale trade, except of motor vehicles and motorcycles

About MORTEN ERNSTSEN ApS

MORTEN ERNSTSEN ApS (CVR number: 28323689) is a company from AARHUS. The company recorded a gross profit of -21.9 kDKK in 2023. The operating profit was -21.9 kDKK, while net earnings were -21.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.1 %, which can be considered poor and Return on Equity (ROE) was -2.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -14.1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. MORTEN ERNSTSEN ApS's liquidity measured by quick ratio was 57.7 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
20192020202120222023
Volume
Net sales
Gross profit8.76-62.36-14.91-22.79-21.88
EBIT8.76-62.36-14.91-22.79-21.88
Net earnings6.19-62.38-14.94-22.83-21.88
Shareholders equity total-26.66-89.04- 103.98- 126.81- 148.68
Balance sheet total (assets)974.27903.67906.59905.48904.09
Net debt990.26983.131 001.471 007.331 029.69
Profitability
EBIT-%
ROA0.9 %-6.3 %-1.5 %-2.2 %-2.1 %
ROE0.6 %-6.6 %-1.7 %-2.5 %-2.4 %
ROI0.9 %-6.3 %-1.6 %-2.4 %-2.1 %
Economic value added (EVA)10.82-60.96-10.32-17.37-15.04
Solvency
Equity ratio-2.7 %-9.0 %-10.3 %-12.3 %-14.1 %
Gearing-3718.6 %-1106.8 %-967.0 %-801.6 %-697.8 %
Relative net indebtedness %
Liquidity
Quick ratio3.08.28.456.057.7
Current ratio3.18.48.657.359.0
Cash and cash equivalents1.222.354.019.157.76
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBB

Variable visualization

ROA:-2.10%
Rating: 18/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-14.1%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Companies in the same industry

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