Refo Heat ApS — Credit Rating and Financial Key Figures

Refo Heat ApS (CVR number: 37147559) is a company from VORDINGBORG. The company recorded a gross profit of -11.3 kDKK in 2020. The operating profit was -11.3 kDKK, while net earnings were -8.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -21.4 %, which can be considered poor and Return on Equity (ROE) was -23.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 70.3 %, 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. Refo Heat ApS's liquidity measured by quick ratio was 3.4 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.