IC ELECTRIC A/S — Credit Rating and Financial Key Figures

IC ELECTRIC A/S (CVR number: 32160905) is a company from HEDENSTED. The company recorded a gross profit of 18.7 mDKK in 2023. The operating profit was 101.9 kDKK, while net earnings were -120.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.1 %, which can be considered weak but Return on Equity (ROE) was -2.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 32.7 %, 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. IC ELECTRIC A/S's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.