Passagen ApS — Credit Rating and Financial Key Figures

Passagen ApS (CVR number: 37800430) is a company from LYNGBY-TAARBÆK. The company recorded a gross profit of 2822.2 kDKK in 2022. The operating profit was 19.9 mDKK, while net earnings were 14.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 34.9 %, which can be considered excellent and Return on Equity (ROE) was 101.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 27 %, 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. Passagen ApS's liquidity measured by quick ratio was 0.2 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.