Axel Ottesen A/S — Credit Rating and Financial Key Figures

Axel Ottesen A/S (CVR number: 21762997) is a company from NYBORG. The company recorded a gross profit of -15.7 kDKK in 2019. The operating profit was -69.8 kDKK, while net earnings were -43.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.9 %, which can be considered poor and Return on Equity (ROE) was -1.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 97.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Axel Ottesen A/S's liquidity measured by quick ratio was 41.1 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.