Cordes Ejendomme ApS — Credit Rating and Financial Key Figures

Cordes Ejendomme ApS (CVR number: 38833464) is a company from HALSNÆS. The company recorded a gross profit of 58.4 kDKK in 2023. The operating profit was 56.3 kDKK, while net earnings were 33.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.5 %, which can be considered weak but Return on Equity (ROE) was 11.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 21.9 %, 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. Cordes Ejendomme ApS's liquidity measured by quick ratio was 3.6 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.