Cavendish Hydrogen A/S — Credit Rating and Financial Key Figures

Cavendish Hydrogen A/S (CVR number: 26933048) is a company from HERNING. The company reported a net sales of 193 mDKK in 2024, demonstrating a decline of -5.4 % compared to the previous year. The operating profit percentage was poor at -42.9 % (EBIT: -82.9 mDKK), while net earnings were -80.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was -19.5 %, which can be considered poor and Return on Equity (ROE) was -33.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 75.4 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Cavendish Hydrogen A/S's liquidity measured by quick ratio was 2.2 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.