MIND Technologies ApS — Credit Rating and Financial Key Figures

MIND Technologies ApS (CVR number: 37818321) is a company from KØBENHAVN. The company recorded a gross profit of -6.1 kDKK in 2021. The operating profit was -6.1 kDKK, while net earnings were 19.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -13.1 %, which can be considered poor but Return on Equity (ROE) was 104.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 14.8 %, 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. MIND Technologies ApS's liquidity measured by quick ratio was 10.1 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.