MOGENS RASMUSSEN. MIDDELFART A/S — Credit Rating and Financial Key Figures

MOGENS RASMUSSEN. MIDDELFART A/S (CVR number: 19262677) is a company from MIDDELFART. The company recorded a gross profit of 5802.9 kDKK in 2023. The operating profit was 1532.9 kDKK, while net earnings were 1120.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 16.8 %, which can be considered excellent and Return on Equity (ROE) was 62 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 17.2 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. MOGENS RASMUSSEN. MIDDELFART A/S'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.