Altec Cars ApS — Credit Rating and Financial Key Figures

Altec Cars ApS (CVR number: 40374191) is a company from ROSKILDE. The company recorded a gross profit of 2466.6 kDKK in 2023. The operating profit was 518.5 kDKK, while net earnings were 371.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 20.9 %, which can be considered excellent and Return on Equity (ROE) was 134 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 17.7 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Altec Cars 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.