DENIG SOLAR ApS — Credit Rating and Financial Key Figures

DENIG SOLAR ApS (CVR number: 36506873) is a company from AARHUS. The company recorded a gross profit of 173.3 kDKK in 2022. The operating profit was 170.5 kDKK, while net earnings were 37.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13.7 %, which can be considered good and Return on Equity (ROE) was 8.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 40 %, 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. DENIG SOLAR ApS's liquidity measured by quick ratio was 0.4 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.