Spirit of Kronborg IVS — Credit Rating and Financial Key Figures

Spirit of Kronborg IVS (CVR number: 36989882) is a company from HELSINGØR. The company reported a net sales of 0 mDKK in 2017, demonstrating a decline of -5.9 % compared to the previous year. The operating profit percentage was at 69.1 % (EBIT: 0 mDKK), while net earnings were 13.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 42.4 %, which can be considered excellent and Return on Equity (ROE) was 48.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 65.4 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Spirit of Kronborg IVS's liquidity measured by quick ratio was 2.9 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.