Grinden 50-64 Aps — Credit Rating and Financial Key Figures

Grinden 50-64 Aps (CVR number: 40353976) is a company from HERNING. The company recorded a gross profit of 798.2 kDKK in 2023. The operating profit was 798.2 kDKK, while net earnings were 423.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.8 %, which can be considered decent but Return on Equity (ROE) was 59.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 26.5 %, 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. Grinden 50-64 Aps's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.