MICHAEL HONORÉ HOLDING ApS — Credit Rating and Financial Key Figures

MICHAEL HONORÉ HOLDING ApS (CVR number: 29209715K) is a company from AARHUS. The company reported a net sales of 1031.5 mDKK in 2021, demonstrating a growth of 9.9 % compared to the previous year. The operating profit percentage was at 1.6 % (EBIT: 16.4 mDKK), while net earnings were 7307 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.2 %, which can be considered decent but Return on Equity (ROE) was 18.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 21.5 %, 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. MICHAEL HONORÉ HOLDING ApS's liquidity measured by quick ratio was 1.3 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.