Cargoshift ApS — Credit Rating and Financial Key Figures

Cargoshift ApS (CVR number: 32442773) is a company from KOLDING. The company recorded a gross profit of 465.9 kDKK in 2019. The operating profit was 199.1 kDKK, while net earnings were 153.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 56.7 %, which can be considered excellent and Return on Equity (ROE) was 66 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 68.4 %, 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. Cargoshift ApS's liquidity measured by quick ratio was 3.2 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.