EJENDOMSSELSKABET MORSØ BUTIKSCENTER A/S — Credit Rating and Financial Key Figures

CVR number: 29816417
Nørre Alle 8, 7400 Herning

Company information

Official name
EJENDOMSSELSKABET MORSØ BUTIKSCENTER A/S
Personnel
1 person
Established
2009
Company form
Limited company
Industry

About EJENDOMSSELSKABET MORSØ BUTIKSCENTER A/S

EJENDOMSSELSKABET MORSØ BUTIKSCENTER A/S (CVR number: 29816417) is a company from HERNING. The company reported a net sales of 2.6 mDKK in 2023, demonstrating a growth of 2.6 % compared to the previous year. The operating profit percentage was at 91.1 % (EBIT: 2.4 mDKK), while net earnings were 1500.3 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 9.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 47.6 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. EJENDOMSSELSKABET MORSØ BUTIKSCENTER A/S's liquidity measured by quick ratio was 0 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

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales2 186.002 205.002 349.002 550.002 615.58
Gross profit1 834.001 822.002 081.002 372.002 470.21
EBIT1 815.001 801.001 941.002 267.002 383.43
Net earnings1 121.00869.001 302.001 453.001 500.35
Shareholders equity total11 057.0011 926.0013 228.0014 681.0016 180.65
Balance sheet total (assets)30 170.0033 050.0033 966.0033 965.0033 967.93
Net debt16 893.0016 269.0014 345.0016 184.0014 262.76
Profitability
EBIT-%83.0 %81.7 %82.6 %88.9 %91.1 %
ROA6.0 %5.7 %5.8 %6.7 %7.0 %
ROE10.7 %7.6 %10.4 %10.4 %9.7 %
ROI6.1 %6.1 %6.1 %6.7 %7.1 %
Economic value added (EVA)113.15- 175.85297.25575.96689.91
Solvency
Equity ratio36.6 %36.1 %38.9 %43.2 %47.6 %
Gearing152.8 %136.4 %108.4 %110.2 %88.1 %
Relative net indebtedness %810.1 %868.8 %783.6 %648.7 %559.1 %
Liquidity
Quick ratio0.00.0
Current ratio0.00.0
Cash and cash equivalents
Capital use efficiency
Trade debtors turnover (days)
Net working capital %-161.6 %-308.8 %-179.2 %-310.4 %-301.3 %
Credit risk
Credit ratingAAAAAAA

Variable visualization

ROA:7.02%
Rating: 49/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:47.6%
Rating: 38/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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