MICHAEL MORTENSEN ApS

MICHAEL MORTENSEN ApS (CVR number: 21083801K) is a company from HORSENS. The company reported a net sales of 501.3 mDKK in 2022, demonstrating a growth of 8.7 % compared to the previous year. The operating profit percentage was at 7.7 % (EBIT: 38.4 mDKK), while net earnings were 32.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6.7 %, which can be considered decent but Return on Equity (ROE) was 12.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 35.8 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. MICHAEL MORTENSEN ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.