ECCO SKO A/S — Credit Rating and Financial Key Figures

ECCO SKO A/S (CVR number: 45349918) is a company from TØNDER. The company reported a net sales of 731.7 mEUR in 2023, demonstrating a growth of 0.4 % compared to the previous year. The operating profit percentage was poor at -5.5 % (EBIT: -40.5 mEUR), while net earnings were 25.8 mEUR. The profitability of the company measured by Return on Assets (ROA) was 4.2 %, which can be considered decent and Return on Equity (ROE) was 5.5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 34.3 %, 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. ECCO SKO A/S's liquidity measured by quick ratio was 0.3 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.