Midtgaard El ApS — Credit Rating and Financial Key Figures

Midtgaard El ApS (CVR number: 40403132) is a company from SØNDERBORG. The company recorded a gross profit of 290.5 kDKK in 2020. The operating profit was 34.9 kDKK, while net earnings were 27.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.2 %, which can be considered good but Return on Equity (ROE) was 218.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -100 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Midtgaard El ApS's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.