BUTIK NO. 11, GODTHÅB ApS — Credit Rating and Financial Key Figures

BUTIK NO. 11, GODTHÅB ApS (CVR number: 89811511) is a company from SERMERSOOQ. The company recorded a gross profit of 1542.3 kDKK in 2023. The operating profit was 48 kDKK, while net earnings were 37.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.7 %, which can be considered weak but Return on Equity (ROE) was 6.6 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 35.7 %, 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. BUTIK NO. 11, GODTHÅB ApS's liquidity measured by quick ratio was 0.1 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.