Candeno A/S — Credit Rating and Financial Key Figures

Candeno A/S (CVR number: 39633914) is a company from AARHUS. The company recorded a gross profit of 15.7 mDKK in 2023. The operating profit was 587.4 kDKK, while net earnings were 241.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6 %, which can be considered decent but Return on Equity (ROE) was 62.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 5.9 %, 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. Candeno A/S'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.