Modern Steel ApS — Credit Rating and Financial Key Figures

Modern Steel ApS (CVR number: 42485942) is a company from EGEDAL. The company reported a net sales of 2.4 mDKK in 2022, demonstrating a growth of 1999.6 % compared to the previous year. The operating profit percentage was poor at -3.1 % (EBIT: -0.1 mDKK), while net earnings were -66.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -16 %, which can be considered poor and Return on Equity (ROE) was -17.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -18.2 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Modern Steel ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.