OVE CHRISTIANSEN BILER ApS

OVE CHRISTIANSEN BILER ApS (CVR number: 31514592) is a company from TØNDER. The company recorded a gross profit of 2106.9 kDKK in 2023. The operating profit was 334.8 kDKK, while net earnings were 73.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.8 %, which can be considered decent and Return on Equity (ROE) was 6.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 23 %, 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. OVE CHRISTIANSEN BILER ApS's liquidity measured by quick ratio was 0.1 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.