Tørnes Holding ApS — Credit Rating and Financial Key Figures

Tørnes Holding ApS (CVR number: 37592544) is a company from RUDERSDAL. The company recorded a gross profit of -5 kDKK in 2018. The operating profit was -5 kDKK, while net earnings were -5.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -8.5 %, which can be considered poor and Return on Equity (ROE) was -14.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 60.9 %, 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. Tørnes Holding ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.