DEN ERHVERVSDRIVENDE FOND KULTURCENTER-LIMFJORD — Credit Rating and Financial Key Figures

DEN ERHVERVSDRIVENDE FOND KULTURCENTER-LIMFJORD (CVR number: 32788637) is a company from SKIVE. The company reported a net sales of 57.3 mDKK in 2023, demonstrating a decline of -3.7 % compared to the previous year. The operating profit percentage was at 0.6 % (EBIT: 0.3 mDKK), while net earnings were 334.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.7 %, which can be considered weak but Return on Equity (ROE) was 5.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 37.3 %, 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. DEN ERHVERVSDRIVENDE FOND KULTURCENTER-LIMFJORD's liquidity measured by quick ratio was 0.8 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.