MICHAEL RASMUSSEN A/S

MICHAEL RASMUSSEN A/S (CVR number: 12996144) is a company from ODENSE. The company recorded a gross profit of 2363.7 kDKK in 2023. The operating profit was 143.7 kDKK, while net earnings were 36.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5 %, which can be considered decent but Return on Equity (ROE) was 1.3 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at -3.8 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. MICHAEL RASMUSSEN A/S's liquidity measured by quick ratio was 0.8 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.