NORSE CAR RENTAL ApS

NORSE CAR RENTAL ApS (CVR number: 27728189) is a company from GENTOFTE. The company recorded a gross profit of 88.5 kDKK in 2018. The operating profit was 59.5 kDKK, while net earnings were 42.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.1 %, which can be considered good but Return on Equity (ROE) was 30 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 26.2 %, 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. NORSE CAR RENTAL ApS's liquidity measured by quick ratio was 0.8 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.