Scandinavian Airtech ApS — Credit Rating and Financial Key Figures

Scandinavian Airtech ApS (CVR number: 38423983) is a company from KALUNDBORG. The company recorded a gross profit of 2169.1 kDKK in 2021. The operating profit was -656.5 kDKK, while net earnings were -669 kDKK. The profitability of the company measured by Return on Assets (ROA) was -80.4 %, which can be considered poor and Return on Equity (ROE) was -199.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -64.7 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Scandinavian Airtech ApS'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.