FIRST ECONOMY ApS — Credit Rating and Financial Key Figures

FIRST ECONOMY ApS (CVR number: 27291260) is a company from HELSINGØR. The company recorded a gross profit of 2118.9 kDKK in 2023. The operating profit was 37 kDKK, while net earnings were 24.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.1 %, which can be considered decent and Return on Equity (ROE) was 4.4 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 40 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. FIRST ECONOMY ApS's liquidity measured by quick ratio was 1.6 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.