Michael Jessen ApS — Credit Rating and Financial Key Figures

Michael Jessen ApS (CVR number: 29390592) is a company from AARHUS. The company recorded a gross profit of -78.6 kDKK in 2021. The operating profit was -83 kDKK, while net earnings were -61.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.9 %, which can be considered poor and Return on Equity (ROE) was -5.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 31.9 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Michael Jessen ApS's liquidity measured by quick ratio was 1.5 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.