TRUETAND ApS — Credit Rating and Financial Key Figures

TRUETAND ApS (CVR number: 28841736) is a company from GULDBORGSUND. The company recorded a gross profit of -42 kDKK in 2019. The operating profit was -94.6 kDKK, while net earnings were -97.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -14.3 %, which can be considered poor and Return on Equity (ROE) was -24.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 68.1 %, 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. TRUETAND ApS's liquidity measured by quick ratio was 3.1 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.