Min Tank ApS — Credit Rating and Financial Key Figures

Min Tank ApS (CVR number: 12899351) is a company from QEQERTALIK. The company recorded a gross profit of 2321.1 kDKK in 2022. The operating profit was 669.3 kDKK, while net earnings were 310.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 20.2 %, which can be considered excellent but Return on Equity (ROE) was 11.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at -15.3 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Min Tank ApS's liquidity measured by quick ratio was 0.3 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.