MODANE ApS — Credit Rating and Financial Key Figures

MODANE ApS (CVR number: 42790990) is a company from MIDDELFART. The company recorded a gross profit of 0 kDKK in 2023. The operating profit was 69.4 kDKK, while net earnings were 51.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.4 %, which can be considered good but Return on Equity (ROE) was 37.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 13.5 %, 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. MODANE ApS's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.