Knit Happens ApS — Credit Rating and Financial Key Figures

Knit Happens ApS (CVR number: 40689214) is a company from AABENRAA. The company recorded a gross profit of 415.2 kDKK in 2023. The operating profit was 110.1 kDKK, while net earnings were 85.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 23 %, which can be considered excellent and Return on Equity (ROE) was 36.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 52.7 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Knit Happens ApS's liquidity measured by quick ratio was 0.1 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.