Gas Storage Denmark A/S — Credit Rating and Financial Key Figures

Gas Storage Denmark A/S (CVR number: 29851247) is a company from FREDERICIA. The company reported a net sales of 569 mDKK in 2023, demonstrating a growth of 24.4 % compared to the previous year. The operating profit percentage was at 56.5 % (EBIT: 321.3 mDKK), while net earnings were 235.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 17.2 %, which can be considered excellent and Return on Equity (ROE) was 52.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 25.7 %, 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. Gas Storage Denmark A/S's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.