Musiccode ApS — Credit Rating and Financial Key Figures

Musiccode ApS (CVR number: 33493916) is a company from RANDERS. The company recorded a gross profit of 176.2 kDKK in 2023. The operating profit was 176.2 kDKK, while net earnings were 200.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.7 %, which can be considered good but Return on Equity (ROE) was 38.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 27.3 %, 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. Musiccode ApS's liquidity measured by quick ratio was 1.4 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.