FREE LINE ApS — Credit Rating and Financial Key Figures

FREE LINE ApS (CVR number: 26516757) is a company from NYBORG. The company reported a net sales of 0.3 mDKK in 2023, demonstrating a decline of -23.4 % compared to the previous year. The operating profit percentage was poor at -201.8 % (EBIT: -0.6 mDKK), while net earnings were -375.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -38 %, which can be considered poor and Return on Equity (ROE) was -48.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 67.3 %, 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. FREE LINE ApS'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.