Circumnavigator Holding ApS — Credit Rating and Financial Key Figures

Circumnavigator Holding ApS (CVR number: 41710519) is a company from KØBENHAVN. The company recorded a gross profit of 734.8 kDKK in 2023. The operating profit was 218 kDKK, while net earnings were -17.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 156.4 %, which can be considered excellent but Return on Equity (ROE) was -10.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -1.6 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Circumnavigator Holding ApS's liquidity measured by quick ratio was 1.9 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.