MING HAO ApS — Credit Rating and Financial Key Figures

MING HAO ApS (CVR number: 36411813) is a company from HORSENS. The company recorded a gross profit of 4736.2 kDKK in 2023. The operating profit was 573 kDKK, while net earnings were 446.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 16.6 %, which can be considered excellent and Return on Equity (ROE) was 18 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -24.7 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. MING HAO ApS's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.