VASEGAARD ApS — Credit Rating and Financial Key Figures

VASEGAARD ApS (CVR number: 29927170) is a company from VIBORG. The company recorded a gross profit of 1331 kDKK in 2018. The operating profit was 134.6 kDKK, while net earnings were 62.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.9 %, which can be considered decent but Return on Equity (ROE) was 21.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 18.1 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. VASEGAARD 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.