SCANDINAVIAN TANKING SYSTEM A/S — Credit Rating and Financial Key Figures

SCANDINAVIAN TANKING SYSTEM A/S (CVR number: 12007191) is a company from TÅRNBY. The company recorded a gross profit of 7.6 kDKK in 2020. The operating profit was 7.6 kDKK, while net earnings were 0 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.3 %, which can be considered weak and Return on Equity (ROE) was 0 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 95.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. SCANDINAVIAN TANKING SYSTEM A/S's liquidity measured by quick ratio was 24.2 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.