Brdr. Davidsens Rute- og Turistservice A/S — Credit Rating and Financial Key Figures

Brdr. Davidsens Rute- og Turistservice A/S (CVR number: 38748092) is a company from AALBORG. The company recorded a gross profit of 24.8 mDKK in 2021. The operating profit was 718 kDKK, while net earnings were 306.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.3 %, which can be considered weak and Return on Equity (ROE) was 0.9 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at -3.3 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Brdr. Davidsens Rute- og Turistservice A/S'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.