Festkanonen ApS — Credit Rating and Financial Key Figures

Festkanonen ApS (CVR number: 38965255) is a company from RANDERS. The company recorded a gross profit of 22.5 kDKK in 2023. The operating profit was -3.2 kDKK, while net earnings were -0.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.8 %, which can be considered poor and Return on Equity (ROE) was -0.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 75.8 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Festkanonen ApS's liquidity measured by quick ratio was 2 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.