DANCO OIL A/S

DANCO OIL A/S (CVR number: 11426530) is a company from VARDE. The company recorded a gross profit of 1533.8 kDKK in 2022. The operating profit was 599.5 kDKK, while net earnings were 422.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 16.2 %, which can be considered excellent and Return on Equity (ROE) was 43.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 26.9 %, 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. DANCO OIL A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.