Turf Tank ApS — Credit Rating and Financial Key Figures

Turf Tank ApS (CVR number: 36722436) is a company from AALBORG. The company recorded a gross profit of 37.1 mDKK in 2023. The operating profit was -27.3 mDKK, while net earnings were -49.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was -5.7 %, which can be considered poor and Return on Equity (ROE) was -27.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -3.3 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Turf Tank ApS's liquidity measured by quick ratio was 8.1 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.