ASKOVFONDEN — Credit Rating and Financial Key Figures

ASKOVFONDEN (CVR number: 55627312) is a company from KØBENHAVN. The company reported a net sales of 86.7 mDKK in 2023, demonstrating a growth of 17 % compared to the previous year. The operating profit percentage was at 3.7 % (EBIT: 3.2 mDKK), while net earnings were 2544.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.9 %, which can be considered weak but Return on Equity (ROE) was 5.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 53.7 %, 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. ASKOVFONDEN's liquidity measured by quick ratio was 0.8 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.