Frugal Technologies ApS

Frugal Technologies ApS (CVR number: 38568809) is a company from AALBORG. The company recorded a gross profit of 12.8 mDKK in 2023. The operating profit was 5340.4 kDKK, while net earnings were 3924.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 33.7 %, which can be considered excellent and Return on Equity (ROE) was 40 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 66.5 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Frugal Technologies ApS's liquidity measured by quick ratio was 2.7 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.