MICHAEL HAARGAARD A/S — Credit Rating and Financial Key Figures

MICHAEL HAARGAARD A/S (CVR number: 21835498) is a company from HORSENS. The company recorded a gross profit of 5891.2 kDKK in 2023. The operating profit was 945.6 kDKK, while net earnings were 528.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 39.1 %, which can be considered excellent and Return on Equity (ROE) was 35.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 55.6 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. MICHAEL HAARGAARD A/S's liquidity measured by quick ratio was 1.9 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.