Democratic Eyewear A/S — Credit Rating and Financial Key Figures

Democratic Eyewear A/S (CVR number: 40685847) is a company from KØBENHAVN. The company recorded a gross profit of 227 kDKK in 2023. The operating profit was -1171.2 kDKK, while net earnings were -1497 kDKK. The profitability of the company measured by Return on Assets (ROA) was -19.7 %, which can be considered poor and Return on Equity (ROE) was -41.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 28.8 %, 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. Democratic Eyewear A/S's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.