GRIDCO ApS — Credit Rating and Financial Key Figures

GRIDCO ApS (CVR number: 35469451) is a company from VEJEN. The company recorded a gross profit of 73.6 kDKK in 2022. The operating profit was 61.2 kDKK, while net earnings were 51.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.2 %, which can be considered decent but Return on Equity (ROE) was 33.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -77.3 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. GRIDCO ApS's liquidity measured by quick ratio was 4.9 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.