ASETEK A/S — Credit Rating and Financial Key Figures

ASETEK A/S (CVR number: 34880522K) is a company from AALBORG. The company reported a net sales of 76.3 mUSD in 2023, demonstrating a growth of 50.7 % compared to the previous year. The operating profit percentage was at 12.3 % (EBIT: 9.4 mUSD), while net earnings were 6001 kUSD. The profitability of the company measured by Return on Assets (ROA) was 9.5 %, which can be considered good and Return on Equity (ROE) was 11 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 64.4 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. ASETEK 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.