Fonden Varde Open Air Concert

Fonden Varde Open Air Concert (CVR number: 37695807) is a company from VARDE. The company recorded a gross profit of 397.3 kDKK in 2023. The operating profit was 387.8 kDKK, while net earnings were 387.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21.3 %, which can be considered excellent and Return on Equity (ROE) was 25.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 78.6 %, 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. Fonden Varde Open Air Concert's liquidity measured by quick ratio was 4.4 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.