DESPEC DENMARK A/S — Credit Rating and Financial Key Figures

DESPEC DENMARK A/S (CVR number: 16279889) is a company from ALLERØD. The company reported a net sales of 77.9 mEUR in 2023, demonstrating a decline of -5.4 % compared to the previous year. The operating profit percentage was at 1.4 % (EBIT: 1.1 mEUR), while net earnings were 703 kEUR. The profitability of the company measured by Return on Assets (ROA) was 4.4 %, which can be considered decent but Return on Equity (ROE) was 8.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 23.7 %, 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. DESPEC DENMARK A/S's liquidity measured by quick ratio was 1.6 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.