FONDEN MUSIKKENS HUS I NORDJYLLAND — Credit Rating and Financial Key Figures

FONDEN MUSIKKENS HUS I NORDJYLLAND (CVR number: 25724453K) is a company from AALBORG. The company reported a net sales of 129.2 mDKK in 2023, demonstrating a decline of -2.4 % compared to the previous year. The operating profit percentage was at 23.9 % (EBIT: 30.9 mDKK), while net earnings were 20.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 3 %, which can be considered weak and Return on Equity (ROE) was 3 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 66.1 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. FONDEN MUSIKKENS HUS I NORDJYLLAND'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.