CHANGE OF SCANDINAVIA HOLDING A/S — Credit Rating and Financial Key Figures

CHANGE OF SCANDINAVIA HOLDING A/S (CVR number: 29147167K) is a company from FURESØ. The company reported a net sales of 876.6 mDKK in 2023, demonstrating a growth of 3.8 % compared to the previous year. The operating profit percentage was at 1.6 % (EBIT: 14.1 mDKK), while net earnings were -1855 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.5 %, which can be considered weak but Return on Equity (ROE) was -2.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 22.3 %, 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. CHANGE OF SCANDINAVIA HOLDING A/S's liquidity measured by quick ratio was 0.4 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.