Kennet Holding ApS — Credit Rating and Financial Key Figures

Kennet Holding ApS (CVR number: 39455277) is a company from MORSØ. The company recorded a gross profit of -1.9 kDKK in 2020. The operating profit was -1.9 kDKK, while net earnings were 66.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 158.5 %, which can be considered excellent and Return on Equity (ROE) was 34796.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -95.9 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Kennet Holding ApS's liquidity measured by quick ratio was 0 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.