Credit rating
Company information
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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 8.76 | -62.36 | -14.91 | -22.79 | -21.88 |
EBIT | 8.76 | -62.36 | -14.91 | -22.79 | -21.88 |
Net earnings | 6.19 | -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) | 974.27 | 903.67 | 906.59 | 905.48 | 904.09 |
Net debt | 990.26 | 983.13 | 1 001.47 | 1 007.33 | 1 029.69 |
Profitability | |||||
EBIT-% | |||||
ROA | 0.9 % | -6.3 % | -1.5 % | -2.2 % | -2.1 % |
ROE | 0.6 % | -6.6 % | -1.7 % | -2.5 % | -2.4 % |
ROI | 0.9 % | -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 ratio | 3.0 | 8.2 | 8.4 | 56.0 | 57.7 |
Current ratio | 3.1 | 8.4 | 8.6 | 57.3 | 59.0 |
Cash and cash equivalents | 1.22 | 2.35 | 4.01 | 9.15 | 7.76 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | B | B | B | B | B |
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