Avannaa Development A/S — Credit Rating and Financial Key Figures

Avannaa Development A/S (CVR number: 40860169) is a company from AVANNAATA. The company recorded a gross profit of 4959.2 kDKK in 2023. The operating profit was 2394.9 kDKK, while net earnings were 1873.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.7 %, which can be considered weak and Return on Equity (ROE) was 1.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 98.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Avannaa Development A/S's liquidity measured by quick ratio was 14.6 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.