CG MARINE ApS — Credit Rating and Financial Key Figures

CG MARINE ApS (CVR number: 32273300) is a company from ISHØJ. The company recorded a gross profit of 507.3 kDKK in 2023. The operating profit was 194.9 kDKK, while net earnings were 126.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 12.6 %, which can be considered good but Return on Equity (ROE) was 53.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 18.6 %, 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. CG MARINE ApS's liquidity measured by quick ratio was 0.5 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.