TERN SKAGEN MANAGEMENT A/S

TERN SKAGEN MANAGEMENT A/S (CVR number: 32438466) is a company from FREDERIKSHAVN. The company reported a net sales of 10.3 mUSD in 2023, demonstrating a decline of -3.7 % compared to the previous year. The operating profit percentage was at 0.7 % (EBIT: 0.1 mUSD), while net earnings were 35.4 kUSD. The profitability of the company measured by Return on Assets (ROA) was 6.7 %, which can be considered decent but Return on Equity (ROE) was 8.1 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 39.2 %, 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. TERN SKAGEN MANAGEMENT A/S's liquidity measured by quick ratio was 1.1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.