Ikast VVS Service A/S — Credit Rating and Financial Key Figures

Ikast VVS Service A/S (CVR number: 17184180) is a company from IKAST-BRANDE. The company recorded a gross profit of 4865.4 kDKK in 2023. The operating profit was 81.2 kDKK, while net earnings were 9.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.2 %, which can be considered weak and Return on Equity (ROE) was 0.9 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 25 %, 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. Ikast VVS Service A/S's liquidity measured by quick ratio was 1.1 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.