Midtgaard Engineering ApS — Credit Rating and Financial Key Figures

Midtgaard Engineering ApS (CVR number: 41177624) is a company from LYNGBY-TAARBÆK. The company reported a net sales of 0.2 mDKK in 2023, demonstrating a growth of 41.8 % compared to the previous year. The operating profit percentage was at 52.4 % (EBIT: 0.1 mDKK), while net earnings were 88.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 22.8 %, which can be considered excellent and Return on Equity (ROE) was 18.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 94.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Midtgaard Engineering ApS's liquidity measured by quick ratio was 18.8 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.