DANISH ART WEAVING A/S — Credit Rating and Financial Key Figures

DANISH ART WEAVING A/S (CVR number: 54602618) is a company from AALBORG. The company recorded a gross profit of 1946 kDKK in 2023. The operating profit was 688.1 kDKK, while net earnings were 139.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.4 %, which can be considered decent but Return on Equity (ROE) was 15.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 42.6 %, 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. DANISH ART WEAVING A/S's liquidity measured by quick ratio was 0.3 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.