KARINSMINDE ApS — Credit Rating and Financial Key Figures

KARINSMINDE ApS (CVR number: 31416051) is a company from HORSENS. The company recorded a gross profit of 521 kDKK in 2017. The operating profit was 482.7 kDKK, while net earnings were 342.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 155.8 %, which can be considered excellent and Return on Equity (ROE) was 259.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -89.8 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. KARINSMINDE ApS's liquidity measured by quick ratio was 0.1 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.