Oldager Sko ApS — Credit Rating and Financial Key Figures

Oldager Sko ApS (CVR number: 38675656) is a company from KØBENHAVN. The company recorded a gross profit of 344.4 kDKK in 2021. The operating profit was 91.1 kDKK, while net earnings were 54.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.9 %, which can be considered good but Return on Equity (ROE) was 49.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 16.4 %, 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. Oldager Sko ApS's liquidity measured by quick ratio was 0 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.