LETBEK A/S — Credit Rating and Financial Key Figures

LETBEK A/S (CVR number: 24257134) is a company from VARDE. The company recorded a gross profit of 30.5 mDKK in 2024. The operating profit was -8255.2 kDKK, while net earnings were -13 mDKK. The profitability of the company measured by Return on Assets (ROA) was -14.2 %, which can be considered poor and Return on Equity (ROE) was -88.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 15.2 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. LETBEK A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.