DANBO MØBLER, IKAST A/S — Credit Rating and Financial Key Figures

DANBO MØBLER, IKAST A/S (CVR number: 30692578) is a company from IKAST-BRANDE. The company recorded a gross profit of 5118.8 kDKK in 2023. The operating profit was 476 kDKK, while net earnings were 190.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.8 %, which can be considered decent and Return on Equity (ROE) was 7 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 32.3 %, 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. DANBO MØBLER, IKAST A/S'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.