MICHAEL ANDREASEN A/S — Credit Rating and Financial Key Figures

MICHAEL ANDREASEN A/S (CVR number: 29627940) is a company from HILLERØD. The company recorded a gross profit of 4430.9 kDKK in 2023. The operating profit was 817.5 kDKK, while net earnings were 663.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 16.9 %, which can be considered excellent and Return on Equity (ROE) was 15.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 76.8 %, 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 ANDREASEN A/S's liquidity measured by quick ratio was 3.2 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.