Turtle Construction IVS

Turtle Construction IVS (CVR number: 39842548) is a company from HERNING. The company recorded a gross profit of 121 kDKK in 2019. The operating profit was 48.6 kDKK, while net earnings were 34.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 46.9 %, which can be considered excellent and Return on Equity (ROE) was 100 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 33.6 %, 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. Turtle Construction IVS's liquidity measured by quick ratio was 1.5 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.