TORQUE ApS — Credit Rating and Financial Key Figures

TORQUE ApS (CVR number: 36393572K) is a company from RØDOVRE. The company recorded a gross profit of 3316.3 kDKK in 2020. The operating profit was -16.1 mDKK, while net earnings were 16 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4.5 %, which can be considered decent but Return on Equity (ROE) was 2.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 73 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. TORQUE ApS's liquidity measured by quick ratio was 3.3 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.