Formel1 ApS — Credit Rating and Financial Key Figures

Formel1 ApS (CVR number: 37266930) is a company from GLADSAXE. The company reported a net sales of 0 mDKK in 2017. The operating profit percentage was poor at -691.1 % (EBIT: -0.1 mDKK), while net earnings were -65.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -31.4 %, which can be considered poor and Return on Equity (ROE) was -17.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 93.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Formel1 ApS's liquidity measured by quick ratio was 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.