TravelCo Nordic A/S — Credit Rating and Financial Key Figures

TravelCo Nordic A/S (CVR number: 21148180) is a company from HERNING. The company reported a net sales of 1241.2 mDKK in 2019, demonstrating a decline of -17.1 % compared to the previous year. The operating profit percentage was poor at -12 % (EBIT: -148.7 mDKK), while net earnings were -206 mDKK. The profitability of the company measured by Return on Assets (ROA) was -48.5 %, which can be considered poor and Return on Equity (ROE) was -171.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -70.7 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. TravelCo Nordic A/S's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.