Damgaard Development ApS — Credit Rating and Financial Key Figures

Damgaard Development ApS (CVR number: 38479288) is a company from SKANDERBORG. The company recorded a gross profit of 229.8 kDKK in 2023. The operating profit was 158.1 kDKK, while net earnings were 128.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21.8 %, which can be considered excellent and Return on Equity (ROE) was 43 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 31.7 %, 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. Damgaard Development ApS's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.