Michael Glud Holding ApS — Credit Rating and Financial Key Figures

Michael Glud Holding ApS (CVR number: 37821527) is a company from HORSENS. The company recorded a gross profit of -2.5 kDKK in 2023. The operating profit was -2.5 kDKK, while net earnings were -52.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -38.9 %, which can be considered poor and Return on Equity (ROE) was -87.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 31.6 %, 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. Michael Glud Holding 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.