RED CITY BUSES DENMARK ApS — Credit Rating and Financial Key Figures

RED CITY BUSES DENMARK ApS (CVR number: 35043349) is a company from KØBENHAVN. The company recorded a gross profit of 9692 kDKK in 2023. The operating profit was 405.9 kDKK, while net earnings were 66 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.8 %, which can be considered good but Return on Equity (ROE) was 0.7 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at -44.7 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. RED CITY BUSES DENMARK ApS's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.