Michtech ApS — Credit Rating and Financial Key Figures

Michtech ApS (CVR number: 40748598) is a company from AARHUS. The company reported a net sales of 0.3 mDKK in 2023, demonstrating a decline of -26.3 % compared to the previous year. The operating profit percentage was at 14 % (EBIT: 0 mDKK), while net earnings were 40.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 44 %, which can be considered excellent and Return on Equity (ROE) was 123.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 64.5 %, 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. Michtech ApS's liquidity measured by quick ratio was 2.4 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.