Palmevang Transport A/S — Credit Rating and Financial Key Figures

Palmevang Transport A/S (CVR number: 39421127) is a company from LOLLAND. The company recorded a gross profit of 0 kDKK in 2022. The operating profit was -22 kDKK, while net earnings were -25.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4.5 %, which can be considered poor and Return on Equity (ROE) was -5.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 94.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Palmevang Transport A/S's liquidity measured by quick ratio was 16.9 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.