A. Friis Service ApS

A. Friis Service ApS (CVR number: 42440337) is a company from VARDE. The company recorded a gross profit of 325.4 kDKK in 2022. The operating profit was 5.7 kDKK, while net earnings were 4.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.6 %, which can be considered weak but Return on Equity (ROE) was 10 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 34.8 %, 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. A. Friis Service ApS's liquidity measured by quick ratio was 1.5 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.