OLITEX ApS — Credit Rating and Financial Key Figures

OLITEX ApS (CVR number: 28892810) is a company from ODENSE. The company recorded a gross profit of 8376.9 kDKK in 2023. The operating profit was 4271.8 kDKK, while net earnings were 2354.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.1 %, which can be considered good and Return on Equity (ROE) was 13.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 37 %, 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. OLITEX ApS's liquidity measured by quick ratio was 0.4 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.