OLE HEMMINGSEN'S VVS ApS — Credit Rating and Financial Key Figures

OLE HEMMINGSEN'S VVS ApS (CVR number: 10776597) is a company from FAABORG-MIDTFYN. The company recorded a gross profit of 2627.3 kDKK in 2019. The operating profit was 490.2 kDKK, while net earnings were 380.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 24.6 %, which can be considered excellent and Return on Equity (ROE) was 44.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 38.1 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. OLE HEMMINGSEN'S VVS ApS's liquidity measured by quick ratio was 1.5 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.