TOURGEAR Nordic ApS — Credit Rating and Financial Key Figures

TOURGEAR Nordic ApS (CVR number: 37291579) is a company from KØGE. The company recorded a gross profit of 3812 kDKK in 2023. The operating profit was 1158.6 kDKK, while net earnings were 195.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.2 %, which can be considered decent but Return on Equity (ROE) was 3.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 23.1 %, 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. TOURGEAR Nordic ApS's liquidity measured by quick ratio was 0.3 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.