FRANZ VEIT NORDIC A/S — Credit Rating and Financial Key Figures

FRANZ VEIT NORDIC A/S (CVR number: 27026265) is a company from SKIVE. The company recorded a gross profit of 754.8 kDKK in 2022. The operating profit was -11.5 kDKK, while net earnings were 36.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.4 %, which can be considered weak and Return on Equity (ROE) was 2.5 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 74 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. FRANZ VEIT NORDIC A/S's liquidity measured by quick ratio was 3.9 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.