MORTEN NØRGAARD ApS — Credit Rating and Financial Key Figures

MORTEN NØRGAARD ApS (CVR number: 29822492) is a company from FAVRSKOV. The company recorded a gross profit of 9023.8 kDKK in 2024. The operating profit was 1018.9 kDKK, while net earnings were 901 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.5 %, which can be considered decent but Return on Equity (ROE) was 19.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 36 %, 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. MORTEN NØRGAARD ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.