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 2217.8 mDKK in 2023, demonstrating a growth of 2 % compared to the previous year. The operating profit percentage was at 0.7 % (EBIT: 14.5 mDKK), while net earnings were 22.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4.8 %, which can be considered decent but Return on Equity (ROE) was 9.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 662.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Formula Holding 2017 A/S's liquidity measured by quick ratio was -4 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.