M J Development IVS — Credit Rating and Financial Key Figures

M J Development IVS (CVR number: 38244094) is a company from SØNDERBORG. The company recorded a gross profit of -18.9 kDKK in 2020. The operating profit was -18.9 kDKK, while net earnings were 437.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -64.2 %, which can be considered poor but Return on Equity (ROE) was 194.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 49.1 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. M J Development IVS's liquidity measured by quick ratio was 2 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.