LANDMECO A/S — Credit Rating and Financial Key Figures

LANDMECO A/S (CVR number: 89524113) is a company from VARDE. The company recorded a gross profit of 48.8 mDKK in 2023. The operating profit was 26.3 mDKK, while net earnings were 20.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 31.2 %, which can be considered excellent and Return on Equity (ROE) was 37.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 87.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. LANDMECO A/S's liquidity measured by quick ratio was -10 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.