Letnet ApS — Credit Rating and Financial Key Figures

Letnet ApS (CVR number: 36990155) is a company from FAVRSKOV. The company recorded a gross profit of -12.5 kDKK in 2020. The operating profit was -12.5 kDKK, while net earnings were -9.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4.1 %, which can be considered poor and Return on Equity (ROE) was -9.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 34.8 %, 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. Letnet 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.