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

Land Development A/S (CVR number: 37227706) is a company from RUDERSDAL. The company recorded a gross profit of -613.4 kDKK in 2023. The operating profit was -1519.9 kDKK, while net earnings were -1375.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -17.7 %, which can be considered poor and Return on Equity (ROE) was -125.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 33.6 %, 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. Land Development A/S's liquidity measured by quick ratio was 6.1 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.