Midtjysk Brandsikring ApS — Credit Rating and Financial Key Figures

Midtjysk Brandsikring ApS (CVR number: 42646571) is a company from HERNING. The company recorded a gross profit of 5224.5 kDKK in 2023. The operating profit was 420 kDKK, while net earnings were 284.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 17.7 %, which can be considered excellent and Return on Equity (ROE) was 33.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 24.4 %, 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. Midtjysk Brandsikring ApS's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.