MICHAEL NØRHOLM HOLDING A/S — Credit Rating and Financial Key Figures

MICHAEL NØRHOLM HOLDING A/S (CVR number: 31879000) is a company from IKAST-BRANDE. The company recorded a gross profit of -3.1 kDKK in 2023. The operating profit was -3.1 kDKK, while net earnings were 747 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13.6 %, which can be considered good but Return on Equity (ROE) was 17 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 79 %, 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 NØRHOLM HOLDING A/S's liquidity measured by quick ratio was 2.1 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.