MICHELIN GUMMI COMPAGNI A/S — Credit Rating and Financial Key Figures

MICHELIN GUMMI COMPAGNI A/S (CVR number: 59960628) is a company from FREDERIKSBERG. The company recorded a gross profit of 13.5 mDKK in 2023. The operating profit was 1918 kDKK, while net earnings were 1444 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21.5 %, which can be considered excellent and Return on Equity (ROE) was 67.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 17.9 %, 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. MICHELIN GUMMI COMPAGNI 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.