Grinden 66-80 Aps — Credit Rating and Financial Key Figures

Grinden 66-80 Aps (CVR number: 40752978) is a company from HERNING. The company recorded a gross profit of 779.7 kDKK in 2023. The operating profit was 779.7 kDKK, while net earnings were 412.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.7 %, which can be considered decent but Return on Equity (ROE) was 49.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 27 %, 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. Grinden 66-80 Aps's liquidity measured by quick ratio was 1.1 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.