Welltec Tools Nigeria A/S — Credit Rating and Financial Key Figures

Welltec Tools Nigeria A/S (CVR number: 36059575) is a company from ALLERØD. The company recorded a gross profit of -3.2 kUSD in 2023. The operating profit was -3.2 kUSD, while net earnings were 0.6 kUSD. The profitability of the company measured by Return on Assets (ROA) was 3.6 %, which can be considered weak and Return on Equity (ROE) was 0.9 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 91.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Welltec Tools Nigeria A/S's liquidity measured by quick ratio was 11.5 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.