THOMAS MORTENSEN HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 31066581
Langgade 36, 9000 Aalborg

Company information

Official name
THOMAS MORTENSEN HOLDING ApS
Established
2007
Company form
Private limited company
Industry

About THOMAS MORTENSEN HOLDING ApS

THOMAS MORTENSEN HOLDING ApS (CVR number: 31066581) is a company from AALBORG. The company reported a net sales of 0.4 mDKK in 2023, demonstrating a growth of 68.5 % compared to the previous year. The operating profit percentage was at 98.1 % (EBIT: 0.4 mDKK), while net earnings were 585.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13.3 %, which can be considered good and Return on Equity (ROE) was 12.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 99.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. THOMAS MORTENSEN HOLDING ApS's liquidity measured by quick ratio was 274.9 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

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales1 159.661 313.55589.28260.12438.34
Gross profit1 154.971 307.48582.32249.70429.99
EBIT1 154.971 307.48582.32249.70429.99
Net earnings1 267.771 601.46813.77310.39585.06
Shareholders equity total3 016.714 418.175 031.945 142.334 227.39
Balance sheet total (assets)3 036.784 518.685 038.195 148.584 236.31
Net debt- 803.82-1 972.16-3 145.18-3 530.92-2 424.35
Profitability
EBIT-%99.6 %99.5 %98.8 %96.0 %98.1 %
ROA51.2 %44.6 %18.7 %7.5 %13.3 %
ROE51.1 %43.1 %17.2 %6.1 %12.5 %
ROI51.4 %45.4 %19.0 %7.5 %13.4 %
Economic value added (EVA)1 136.901 283.42598.63259.38407.00
Solvency
Equity ratio99.3 %97.8 %99.9 %99.9 %99.8 %
Gearing
Relative net indebtedness %-67.6 %-142.5 %-532.7 %-1355.0 %-551.0 %
Liquidity
Quick ratio40.019.6504.4568.4274.9
Current ratio40.019.6504.4568.4274.9
Cash and cash equivalents803.821 972.163 145.183 530.922 424.35
Capital use efficiency
Trade debtors turnover (days)
Net working capital %16.4 %69.1 %282.1 %489.7 %37.8 %
Credit risk
Credit ratingBBBAAAA

Variable visualization

ROA:13.3%
Rating: 64/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:99.8%
Rating: 97/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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