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 8837.6 kDKK in 2023. The operating profit was 840.3 kDKK, while net earnings were 471.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.7 %, which can be considered decent but Return on Equity (ROE) was 12.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 29 %, 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 1.2 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.