Vognmand Michael Andersen Brande ApS — Credit Rating and Financial Key Figures

Vognmand Michael Andersen Brande ApS (CVR number: 39668122) is a company from IKAST-BRANDE. The company recorded a gross profit of 6960.5 kDKK in 2023. The operating profit was 1845.6 kDKK, while net earnings were 1489.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.7 %, which can be considered good and Return on Equity (ROE) was 14.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 54.9 %, 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. Vognmand Michael Andersen Brande ApS's liquidity measured by quick ratio was 1.8 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.