Piro Handel ApS — Credit Rating and Financial Key Figures

Piro Handel ApS (CVR number: 34901171) is a company from KØGE. The company recorded a gross profit of -10.5 kDKK in 2023. The operating profit was -10.5 kDKK, while net earnings were 181.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8 %, which can be considered good but Return on Equity (ROE) was 55.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 16.1 %, 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. Piro Handel ApS's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.