LETLAND 24/10 HOLDING ApS — Credit Rating and Financial Key Figures

LETLAND 24/10 HOLDING ApS (CVR number: 31090903) is a company from RINGKØBING-SKJERN. The company recorded a gross profit of -6.6 kDKK in 2022. The operating profit was -6.6 kDKK, while net earnings were -6.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.9 %, which can be considered poor and Return on Equity (ROE) was -2.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 73.3 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. LETLAND 24/10 HOLDING ApS's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.