CHANGE OF SCANDINAVIA RETAIL A/S

CHANGE OF SCANDINAVIA RETAIL A/S (CVR number: 28711336) is a company from FURESØ. The company recorded a gross profit of 85.3 mDKK in 2022. The operating profit was -1150.1 kDKK, while net earnings were -1268.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.3 %, which can be considered poor and Return on Equity (ROE) was -6.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 20.9 %, 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. CHANGE OF SCANDINAVIA RETAIL A/S's liquidity measured by quick ratio was 0.3 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.