MICHAEL HOVE HOLDING ApS — Credit Rating and Financial Key Figures

MICHAEL HOVE HOLDING ApS (CVR number: 31183278K) is a company from AALBORG. The company recorded a gross profit of 73.4 mDKK in 2020. The operating profit was 20 mDKK, while net earnings were 15.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 31.9 %, which can be considered excellent and Return on Equity (ROE) was 36.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 66.6 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. MICHAEL HOVE HOLDING ApS's liquidity measured by quick ratio was 3 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.