ENGEL DANMARK A/S — Credit Rating and Financial Key Figures

ENGEL DANMARK A/S (CVR number: 35815228) is a company from SOLRØD. The company recorded a gross profit of 20.6 mDKK in 2023. The operating profit was 2651.5 kDKK, while net earnings were -1393.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.9 %, which can be considered decent but Return on Equity (ROE) was -19.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 20 %, 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. ENGEL DANMARK 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.