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 7888.6 kDKK in 2024. The operating profit was 1731.7 kDKK, while net earnings were 847 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.5 %, which can be considered good and Return on Equity (ROE) was 12.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 38.7 %, 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 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.