Cursed Tongue Records IVS — Credit Rating and Financial Key Figures

Cursed Tongue Records IVS (CVR number: 37838993) is a company from LYNGBY-TAARBÆK. The company reported a net sales of 0.5 mDKK in 2019, demonstrating a decline of -30.7 % compared to the previous year. The operating profit percentage was at 1.8 % (EBIT: 0 mDKK), while net earnings were 7.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 17.9 %, which can be considered excellent and Return on Equity (ROE) was 20.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 66.6 %, 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. Cursed Tongue Records IVS's liquidity measured by quick ratio was 3 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.