MICHAEL HAARGAARD HOLDING A/S — Credit Rating and Financial Key Figures

MICHAEL HAARGAARD HOLDING A/S (CVR number: 30488059) is a company from HORSENS. The company recorded a gross profit of -149.2 kDKK in 2023. The operating profit was -374.2 kDKK, while net earnings were 1535.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.7 %, which can be considered decent but Return on Equity (ROE) was 8.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 97 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. MICHAEL HAARGAARD HOLDING A/S's liquidity measured by quick ratio was 18.9 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.