KORTEGAARD FINANCE APS — Credit Rating and Financial Key Figures

KORTEGAARD FINANCE APS (CVR number: 40762973) is a company from HORSENS. The company recorded a gross profit of 9.9 kDKK in 2023. The operating profit was 9.9 kDKK, while net earnings were 0 kDKK. The profitability of the company measured by Return on Assets (ROA) was 33.5 %, which can be considered excellent but Return on Equity (ROE) was 0 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 53.2 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. KORTEGAARD FINANCE APS's liquidity measured by quick ratio was 2.1 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.