IRD Fuel Cells A/S — Credit Rating and Financial Key Figures

IRD Fuel Cells A/S (CVR number: 14689605) is a company from ODENSE. The company recorded a gross profit of 23.3 mDKK in 2023. The operating profit was -5360.3 kDKK, while net earnings were -17.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was -4.2 %, which can be considered poor and Return on Equity (ROE) was -8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 58.7 %, 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. IRD Fuel Cells A/S's liquidity measured by quick ratio was 0.5 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.