Jolles Transport ApS — Credit Rating and Financial Key Figures

Jolles Transport ApS (CVR number: 43911570) is a company from HERNING. The company recorded a gross profit of 3166.8 kDKK in 2023. The operating profit was 77.8 kDKK, while net earnings were 57 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.7 %, which can be considered decent but Return on Equity (ROE) was 27.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 12.4 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Jolles Transport ApS's liquidity measured by quick ratio was 1.1 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.