FYENS VÆDDELØBSBANE A/S — Credit Rating and Financial Key Figures

FYENS VÆDDELØBSBANE A/S (CVR number: 19965910) is a company from ODENSE. The company reported a net sales of 17.1 mDKK in 2023, demonstrating a growth of 7.3 % compared to the previous year. The operating profit percentage was at 6.4 % (EBIT: 1.1 mDKK), while net earnings were 906.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.3 %, which can be considered good but Return on Equity (ROE) was 26.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 46.4 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. FYENS VÆDDELØBSBANE A/S's liquidity measured by quick ratio was 2.1 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.