Snowball ApS — Credit Rating and Financial Key Figures

Snowball ApS (CVR number: 42953237) is a company from KØBENHAVN. The company recorded a gross profit of -22.3 kDKK in 2023. The operating profit was -22.3 kDKK, while net earnings were -20.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -70.1 %, which can be considered poor and Return on Equity (ROE) was -100.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 36.8 %, 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. Snowball ApS's liquidity measured by quick ratio was 1.6 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.