Formula Holding 2017 A/S — Credit Rating and Financial Key Figures

Formula Holding 2017 A/S (CVR number: 38326791K) is a company from LYNGBY-TAARBÆK. The company reported a net sales of 2196.1 mDKK in 2024, demonstrating a decline of -1 % compared to the previous year. The operating profit percentage was at 0.8 % (EBIT: 18.1 mDKK), while net earnings were 19.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4.7 %, which can be considered decent and Return on Equity (ROE) was 7.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 25.6 %, 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. Formula Holding 2017 A/S's liquidity measured by quick ratio was 1.5 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.