Songco ApS — Credit Rating and Financial Key Figures

Songco ApS (CVR number: 38915487) is a company from HELSINGØR. The company recorded a gross profit of -342.5 kDKK in 2018. The operating profit was -342.5 kDKK, while net earnings were -1002.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.6 %, which can be considered poor and Return on Equity (ROE) was -5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -4.5 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Songco ApS's liquidity measured by quick ratio was 3.8 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.