Memory Tours Group Aps. — Credit Rating and Financial Key Figures

Memory Tours Group Aps. (CVR number: 38589792) is a company from TÅRNBY. The company reported a net sales of 0.2 mDKK in 2017. The operating profit percentage was at 1.5 % (EBIT: 0 mDKK), while net earnings were 2.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.3 %, which can be considered weak and Return on Equity (ROE) was 3.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 54.4 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Memory Tours Group Aps.'s liquidity measured by quick ratio was 0 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.