Michael Ring Finans ApS — Credit Rating and Financial Key Figures

Michael Ring Finans ApS (CVR number: 40144048) is a company from RUDERSDAL. The company recorded a gross profit of -2.2 kDKK in 2022. The operating profit was -2.2 kDKK, while net earnings were -2.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.5 %, which can be considered poor and Return on Equity (ROE) was -1.7 %, which can be considered poor. 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. Michael Ring Finans ApS's liquidity measured by quick ratio was 3.6 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.