MICHAEL LARSEN HOLDING ApS — Credit Rating and Financial Key Figures

MICHAEL LARSEN HOLDING ApS (CVR number: 29823812) is a company from DRAGØR. The company recorded a gross profit of -3 kDKK in 2019. The operating profit was -3 kDKK, while net earnings were 192.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -77.8 %, which can be considered poor but Return on Equity (ROE) was 154.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -4.1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. MICHAEL LARSEN HOLDING ApS's liquidity measured by quick ratio was 1 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.