CODAN MEDICAL ApS — Credit Rating and Financial Key Figures

CODAN MEDICAL ApS (CVR number: 16272078) is a company from LOLLAND. The company recorded a gross profit of 64.7 mDKK in 2023. The operating profit was -7023.5 kDKK, while net earnings were -4411.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.9 %, which can be considered poor and Return on Equity (ROE) was -3.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 93.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. CODAN MEDICAL ApS's liquidity measured by quick ratio was 11.8 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.