222Cycles Denmark A/S — Credit Rating and Financial Key Figures

222Cycles Denmark A/S (CVR number: 37827959) is a company from SYDDJURS. The company recorded a gross profit of 2483.7 kDKK in 2020. The operating profit was 1658 kDKK, while net earnings were 1187.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 31.3 %, which can be considered excellent and Return on Equity (ROE) was 70.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 38.2 %, 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. 222Cycles Denmark A/S's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.