Frontline Innovation ApS — Credit Rating and Financial Key Figures

Frontline Innovation ApS (CVR number: 37543586) is a company from VARDE. The company recorded a gross profit of -681.4 kDKK in 2023. The operating profit was -1533.1 kDKK, while net earnings were -1618.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -39.3 %, which can be considered poor and Return on Equity (ROE) was -91.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -169.1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Frontline Innovation ApS's liquidity measured by quick ratio was 1.7 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.