Michael Davidsen Holding ApS — Credit Rating and Financial Key Figures

Michael Davidsen Holding ApS (CVR number: 40598049) is a company from GENTOFTE. The company recorded a gross profit of -20.5 kDKK in 2023. The operating profit was -20.5 kDKK, while net earnings were -2428.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -20.1 %, which can be considered poor and Return on Equity (ROE) was -28.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 68.9 %, 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 Davidsen Holding ApS's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.