Mermaid Music A/S — Credit Rating and Financial Key Figures

Mermaid Music A/S (CVR number: 37698644) is a company from KØBENHAVN. The company recorded a gross profit of 388.4 kDKK in 2023. The operating profit was -437.2 kDKK, while net earnings were -436.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -5.7 %, which can be considered poor and Return on Equity (ROE) was -29.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -23.6 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Mermaid Music A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.