ANDREAS BALLING NISSEN ApS — Credit Rating and Financial Key Figures

ANDREAS BALLING NISSEN ApS (CVR number: 27905080) is a company from VARDE. The company recorded a gross profit of -306.2 kDKK in 2023. The operating profit was -604.4 kDKK, while net earnings were -6638.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -5.8 %, which can be considered poor and Return on Equity (ROE) was -8.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 70.9 %, 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. ANDREAS BALLING NISSEN ApS's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.