Music Tribe Innovation DK A/S

Music Tribe Innovation DK A/S (CVR number: 21378607K) is a company from KØBENHAVN. The company reported a net sales of 257.3 mDKK in 2023, demonstrating a decline of -23.1 % compared to the previous year. The operating profit percentage was at 273.2 % (EBIT: 703 mDKK), while net earnings were 674.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 80.3 %, which can be considered excellent and Return on Equity (ROE) was 123.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 71.9 %, 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. Music Tribe Innovation DK A/S's liquidity measured by quick ratio was 3.3 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.