MARINE EXHAUST TECHNOLOGY A/S — Credit Rating and Financial Key Figures

MARINE EXHAUST TECHNOLOGY A/S (CVR number: 33780532K) is a company from FREDERIKSHAVN. The company recorded a gross profit of 40.5 mDKK in 2021. The operating profit was -8262.9 kDKK, while net earnings were -1138.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.6 %, which can be considered weak but Return on Equity (ROE) was -9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 14.3 %, 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. MARINE EXHAUST TECHNOLOGY 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.