Friis El og Montage ApS — Credit Rating and Financial Key Figures

Friis El og Montage ApS (CVR number: 42850918) is a company from VARDE. The company reported a net sales of 0.2 mDKK in 2023, demonstrating a decline of -62.2 % compared to the previous year. The operating profit percentage was at 89.7 % (EBIT: 0.1 mDKK), while net earnings were 110.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 28.9 %, which can be considered excellent and Return on Equity (ROE) was 32.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 68.2 %, 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. Friis El og Montage ApS's liquidity measured by quick ratio was 3.1 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.