MIDTJYSK AUTOMOBILER A/S — Credit Rating and Financial Key Figures

MIDTJYSK AUTOMOBILER A/S (CVR number: 34716242) is a company from SILKEBORG. The company recorded a gross profit of 9541.2 kDKK in 2023. The operating profit was 6403.5 kDKK, while net earnings were 4544.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 20.8 %, which can be considered excellent and Return on Equity (ROE) was 46.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 27.1 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. MIDTJYSK AUTOMOBILER A/S's liquidity measured by quick ratio was 0.2 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.