DANVET K/S — Credit Rating and Financial Key Figures

DANVET K/S (CVR number: 19176177) is a company from MARIAGERFJORD. The company recorded a gross profit of 30.7 mDKK in 2023. The operating profit was 1709.7 kDKK, while net earnings were 1738.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 22.3 %, which can be considered excellent and Return on Equity (ROE) was 73.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 24 %, 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. DANVET K/S's liquidity measured by quick ratio was 1.3 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.