Friemann Tours IVS — Credit Rating and Financial Key Figures

Friemann Tours IVS (CVR number: 38077945) is a company from KERTEMINDE. The company recorded a gross profit of 27.2 kDKK in 2017. The operating profit was 39.6 kDKK, while net earnings were 45.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0 %, which can be considered poor and Return on Equity (ROE) was 0 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 0 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Friemann Tours IVS's liquidity measured by quick ratio was 0 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.