SCAN-TEX OIL ApS — Credit Rating and Financial Key Figures

SCAN-TEX OIL ApS (CVR number: 35034854) is a company from HILLERØD. The company reported a net sales of 1.1 mDKK in 2016. The operating profit percentage was at 3.4 % (EBIT: 0 mDKK), while net earnings were 27.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.7 %, which can be considered decent but Return on Equity (ROE) was 19.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 30.2 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. SCAN-TEX OIL ApS's liquidity measured by quick ratio was 0.5 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.