Cordane International ApS — Credit Rating and Financial Key Figures

Cordane International ApS (CVR number: 39870665) is a company from GENTOFTE. The company recorded a gross profit of 56 kDKK in 2023. The operating profit was 56 kDKK, while net earnings were 43.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.9 %, which can be considered weak but Return on Equity (ROE) was 122.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 1 %, 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. Cordane International ApS's liquidity measured by quick ratio was 11.3 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.