Kingo Recycling Mors A/S — Credit Rating and Financial Key Figures

Kingo Recycling Mors A/S (CVR number: 40341455) is a company from MORSØ. The company recorded a gross profit of 2994.4 kDKK in 2023. The operating profit was 1562.2 kDKK, while net earnings were 807.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.7 %, which can be considered good but Return on Equity (ROE) was 41.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 25.3 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Kingo Recycling Mors A/S's liquidity measured by quick ratio was 0.2 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.