SØVIG MASKINER ApS — Credit Rating and Financial Key Figures

SØVIG MASKINER ApS (CVR number: 36462884) is a company from VARDE. The company recorded a gross profit of 58.3 kDKK in 2020. The operating profit was 58.3 kDKK, while net earnings were 31.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.8 %, which can be considered weak but Return on Equity (ROE) was 7.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 38.3 %, 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. SØVIG MASKINER ApS's liquidity measured by quick ratio was 1.6 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.