STORVANG LETLAND HOLDING A/S — Credit Rating and Financial Key Figures

STORVANG LETLAND HOLDING A/S (CVR number: 28335105) is a company from AALBORG. The company recorded a gross profit of -5.2 kDKK in 2016. The operating profit was -5.2 kDKK, while net earnings were 6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.2 %, which can be considered weak and Return on Equity (ROE) was 1.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 99.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. STORVANG LETLAND HOLDING A/S's liquidity measured by quick ratio was 0.2 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.