Knit Studios ApS — Credit Rating and Financial Key Figures

Knit Studios ApS (CVR number: 42196649) is a company from AARHUS. The company recorded a gross profit of -84.5 kDKK in 2022. The operating profit was -84.5 kDKK, while net earnings were -84.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -16.2 %, which can be considered poor and Return on Equity (ROE) was -34.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -60.2 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Knit Studios ApS's liquidity measured by quick ratio was 1.2 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.