ALGOL CHEMICALS ApS

ALGOL CHEMICALS ApS (CVR number: 28296746) is a company from KØBENHAVN. The company reported a net sales of 42.9 mDKK in 2023, demonstrating a decline of -46.3 % compared to the previous year. The operating profit percentage was at 2 % (EBIT: 0.9 mDKK), while net earnings were 585.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.8 %, which can be considered decent but Return on Equity (ROE) was 13.1 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 53.1 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. ALGOL CHEMICALS ApS's liquidity measured by quick ratio was 1.6 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.