TITAN WIND ENERGY (EUROPE) A/S — Credit Rating and Financial Key Figures

TITAN WIND ENERGY (EUROPE) A/S (CVR number: 34586640) is a company from VARDE. The company recorded a gross profit of 926 kDKK in 2023. The operating profit was -9750 kDKK, while net earnings were 10.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 5 %, which can be considered decent and Return on Equity (ROE) was 4.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at -22.4 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. TITAN WIND ENERGY (EUROPE) A/S's liquidity measured by quick ratio was 2.2 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.