MIDTGAARDS AUTOMOBILER A/S — Credit Rating and Financial Key Figures

MIDTGAARDS AUTOMOBILER A/S (CVR number: 16261483) is a company from BALLERUP. The company recorded a gross profit of 7522.7 kDKK in 2021. The operating profit was 328 kDKK, while net earnings were -749.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.2 %, which can be considered decent but Return on Equity (ROE) was -47.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 17.1 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. MIDTGAARDS AUTOMOBILER A/S's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.