EUROPEAN ENERGY OFFSHORE A/S — Credit Rating and Financial Key Figures

EUROPEAN ENERGY OFFSHORE A/S (CVR number: 35839887) is a company from GLADSAXE. The company recorded a gross profit of 2.6 kEUR in 2023. The operating profit was 2.6 kEUR, while net earnings were -176 kEUR. The profitability of the company measured by Return on Assets (ROA) was 0.6 %, which can be considered weak but Return on Equity (ROE) was -12.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 11.9 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. EUROPEAN ENERGY OFFSHORE A/S's liquidity measured by quick ratio was 376.1 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.