Mikkel O. Pedersen Racing A/S — Credit Rating and Financial Key Figures

Mikkel O. Pedersen Racing A/S (CVR number: 37786772) is a company from STRUER. The company recorded a gross profit of -28.5 kDKK in 2023. The operating profit was -339.7 kDKK, while net earnings were -377.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -20.2 %, which can be considered poor and Return on Equity (ROE) was -56.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 28.7 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Mikkel O. Pedersen Racing A/S's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.