Music Tribe Innovation DK A/S — Credit Rating and Financial Key Figures

Music Tribe Innovation DK A/S (CVR number: 21378607K) is a company from KØBENHAVN. The company reported a net sales of 334.4 mDKK in 2022, demonstrating a decline of -4.2 % compared to the previous year. The operating profit percentage was poor at -77.2 % (EBIT: -258.1 mDKK), while net earnings were -277.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was -28.3 %, which can be considered poor and Return on Equity (ROE) was -76.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 37.1 %, 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. Music Tribe Innovation DK A/S's liquidity measured by quick ratio was 1 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.