A/S Formula IT

A/S Formula IT (CVR number: 43379941) is a company from VALLENSBÆK. The company recorded a gross profit of 5035.6 kDKK in 2023. The operating profit was 1913.4 kDKK, while net earnings were 1449.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 42 %, which can be considered excellent and Return on Equity (ROE) was 100.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 37.6 %, 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/S Formula IT'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.