MICHAEL KRISTENSEN ApS — Credit Rating and Financial Key Figures

MICHAEL KRISTENSEN ApS (CVR number: 27922309) is a company from Brønderslev. The company recorded a gross profit of 166.3 kDKK in 2023. The operating profit was -69.6 kDKK, while net earnings were -67.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -32.3 %, which can be considered poor and Return on Equity (ROE) was -68 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 32.6 %, 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. MICHAEL KRISTENSEN ApS's liquidity measured by quick ratio was 1.2 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.