2nd Records IVS

2nd Records IVS (CVR number: 39373572) is a company from AALBORG. The company reported a net sales of 0 mDKK in 2019, demonstrating a growth of 165.4 % compared to the previous year. The operating profit percentage was at 33.4 % (EBIT: 0 mDKK), while net earnings were 5.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 428650 %, which can be considered excellent and Return on Equity (ROE) was 297400 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 100 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. 2nd Records IVS's liquidity measured by quick ratio was 0 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.