VARDE OVNE A/S — Credit Rating and Financial Key Figures

VARDE OVNE A/S (CVR number: 21554979) is a company from VEJLE. The company recorded a gross profit of 19.5 mDKK in 2023. The operating profit was 13.7 mDKK, while net earnings were 9294.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 40.7 %, which can be considered excellent and Return on Equity (ROE) was 90.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 39 %, 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. VARDE OVNE A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.