Palsgaard Kunstauktioner ApS — Credit Rating and Financial Key Figures

Palsgaard Kunstauktioner ApS (CVR number: 43885294) is a company from BRØNDBY. The company recorded a gross profit of -132.8 kDKK in 2023. The operating profit was -379.6 kDKK, while net earnings were -296.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -50.5 %, which can be considered poor and Return on Equity (ROE) was -59.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -39 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Palsgaard Kunstauktioner ApS's liquidity measured by quick ratio was 2.1 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.