JTM Boring A/S — Credit Rating and Financial Key Figures

JTM Boring A/S (CVR number: 42178799) is a company from VEJEN. The company recorded a gross profit of 11.9 mDKK in 2023. The operating profit was 346 kDKK, while net earnings were 270.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.1 %, which can be considered decent but Return on Equity (ROE) was 10.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 15.4 %, 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. JTM Boring A/S's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.