Friction Structures ApS — Credit Rating and Financial Key Figures

Friction Structures ApS (CVR number: 39840561) is a company from GLADSAXE. The company recorded a gross profit of 278.4 kDKK in 2023. The operating profit was 155.8 kDKK, while net earnings were 121.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.4 %, which can be considered decent but Return on Equity (ROE) was 70.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -92.3 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Friction Structures ApS's liquidity measured by quick ratio was 2.9 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.