Sand Golf IVS — Credit Rating and Financial Key Figures

Sand Golf IVS (CVR number: 37500755) is a company from RANDERS. The company recorded a gross profit of 26.4 kDKK in 2019. The operating profit was 1.8 kDKK, while net earnings were -0.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.1 %, which can be considered weak but Return on Equity (ROE) was -0.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -28.9 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Sand Golf IVS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.