Turbodan ApS — Credit Rating and Financial Key Figures

Turbodan ApS (CVR number: 40998756) is a company from MIDDELFART. The company recorded a gross profit of 205.9 kDKK in 2023. The operating profit was 11.7 kDKK, while net earnings were 14.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.3 %, which can be considered weak but Return on Equity (ROE) was 5.2 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 9.1 %, 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. Turbodan ApS's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.