ETK FINANS APS — Credit Rating and Financial Key Figures

ETK FINANS APS (CVR number: 42623172K) is a company from VEJLE. The company reported a net sales of 415.5 mDKK in 2023, demonstrating a decline of -9.7 % compared to the previous year. The operating profit percentage was poor at -2.4 % (EBIT: -9.9 mDKK), while net earnings were -7593 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.5 %, which can be considered weak but Return on Equity (ROE) was -9.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 36.7 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. ETK FINANS APS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.