Keratech Wheels A/S — Credit Rating and Financial Key Figures

Keratech Wheels A/S (CVR number: 38441159) is a company from VARDE. The company recorded a gross profit of 8358.9 kDKK in 2023. The operating profit was 5166.2 kDKK, while net earnings were 3718.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 36.5 %, which can be considered excellent and Return on Equity (ROE) was 66.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 46.9 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Keratech Wheels A/S's liquidity measured by quick ratio was 0.1 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.