Leather Studio ApS — Credit Rating and Financial Key Figures

Leather Studio ApS (CVR number: 39414171) is a company from RANDERS. The company recorded a gross profit of 601 kDKK in 2023. The operating profit was 115 kDKK, while net earnings were 22.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.8 %, which can be considered decent and Return on Equity (ROE) was 7.5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 20.4 %, 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. Leather Studio ApS's liquidity measured by quick ratio was 1.1 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.