Knitting for Olive ApS — Credit Rating and Financial Key Figures

Knitting for Olive ApS (CVR number: 39685000) is a company from FREDERIKSBERG. The company recorded a gross profit of 20.9 mDKK in 2023. The operating profit was 12.6 mDKK, while net earnings were 8769.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 53.9 %, which can be considered excellent and Return on Equity (ROE) was 150.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 36.6 %, 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. Knitting for Olive ApS's liquidity measured by quick ratio was 0.3 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.