JØRGEN MORSING ApS — Credit Rating and Financial Key Figures

JØRGEN MORSING ApS (CVR number: 26651204) is a company from VARDE. The company recorded a gross profit of -10.6 kDKK in 2016. The operating profit was -10.6 kDKK, while net earnings were -66.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.6 %, which can be considered decent but Return on Equity (ROE) was -25.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 61.4 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. JØRGEN MORSING ApS's liquidity measured by quick ratio was 2.6 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.