Steel Products Aage Østergaard A/S — Credit Rating and Financial Key Figures

Steel Products Aage Østergaard A/S (CVR number: 89626412) is a company from HORSENS. The company reported a net sales of 410.8 mDKK in 2023, demonstrating a decline of -16 % compared to the previous year. The operating profit percentage was at 4.6 % (EBIT: 18.9 mDKK), while net earnings were 16.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6.9 %, which can be considered decent and Return on Equity (ROE) was 7.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 73.4 %, 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. Steel Products Aage Østergaard A/S's liquidity measured by quick ratio was 2.4 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.