MICHAEL MORTENSEN ApS

MICHAEL MORTENSEN ApS (CVR number: 21083801) is a company from HORSENS. The company recorded a gross profit of -317 kDKK in 2022. The operating profit was -656 kDKK, while net earnings were 26.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 7.9 %, which can be considered decent but Return on Equity (ROE) was 10.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 78.4 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. MICHAEL MORTENSEN ApS's liquidity measured by quick ratio was 1.9 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.