ABC COATING ApS — Credit Rating and Financial Key Figures

ABC COATING ApS (CVR number: 30348060) is a company from ESBJERG. The company recorded a gross profit of 264 kDKK in 2020. The operating profit was 199.9 kDKK, while net earnings were 122.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.9 %, which can be considered decent but Return on Equity (ROE) was 21.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 21.5 %, 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. ABC COATING ApS's liquidity measured by quick ratio was 0.3 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.