Passendo ApS — Credit Rating and Financial Key Figures

Passendo ApS (CVR number: 31626919) is a company from KØBENHAVN. The company recorded a gross profit of 9669.6 kDKK in 2023. The operating profit was 287.1 kDKK, while net earnings were -772.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.4 %, which can be considered weak but Return on Equity (ROE) was -16.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 33 %, 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. Passendo ApS's liquidity measured by quick ratio was 1.4 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.