Hugin & Munin ApS — Credit Rating and Financial Key Figures

Hugin & Munin ApS (CVR number: 43369059) is a company from RANDERS. The company recorded a gross profit of -5 kDKK in 2023. The operating profit was -5 kDKK, while net earnings were -2.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.1 %, which can be considered weak but Return on Equity (ROE) was -6.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 35.7 %, 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. Hugin & Munin ApS's liquidity measured by quick ratio was 1.6 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.