REE AUTOMOBILER A/S — Credit Rating and Financial Key Figures

REE AUTOMOBILER A/S (CVR number: 10905745) is a company from RØDOVRE. The company recorded a gross profit of -181 kDKK in 2023. The operating profit was -181 kDKK, while net earnings were -227.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.9 %, which can be considered poor and Return on Equity (ROE) was -4.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 91.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. REE AUTOMOBILER A/S's liquidity measured by quick ratio was 0 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.