TWIN HEAT A/S — Credit Rating and Financial Key Figures

TWIN HEAT A/S (CVR number: 27549012) is a company from VESTHIMMERLANDS. The company recorded a gross profit of 9609.1 kDKK in 2023. The operating profit was 1824.3 kDKK, while net earnings were 1291.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.3 %, which can be considered good but Return on Equity (ROE) was 23.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 42.9 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. TWIN HEAT A/S'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.