MIDTJYSK NORDMANN A/S — Credit Rating and Financial Key Figures

MIDTJYSK NORDMANN A/S (CVR number: 34093547) is a company from SKANDERBORG. The company recorded a gross profit of 670.5 kDKK in 2023. The operating profit was 393.5 kDKK, while net earnings were 117.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.1 %, which can be considered decent but Return on Equity (ROE) was 3.5 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 36.3 %, 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. MIDTJYSK NORDMANN A/S's liquidity measured by quick ratio was 0.4 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.