CODAN TECH A/S — Credit Rating and Financial Key Figures

CODAN TECH A/S (CVR number: 28306741) is a company from HERLEV. The company recorded a gross profit of 634.1 kDKK in 2016. The operating profit was 624.9 kDKK, while net earnings were 449 kDKK. The profitability of the company measured by Return on Assets (ROA) was 18.3 %, which can be considered excellent but Return on Equity (ROE) was 13.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 96.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. CODAN TECH A/S's liquidity measured by quick ratio was 29.5 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.