ST Turistfart ApS — Credit Rating and Financial Key Figures

ST Turistfart ApS (CVR number: 38745344) is a company from VARDE. The company recorded a gross profit of 1252.5 kDKK in 2024. The operating profit was 271.8 kDKK, while net earnings were 178 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.7 %, which can be considered good but Return on Equity (ROE) was 42.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 19.6 %, 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. ST Turistfart ApS's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.