FORENEDE FINANS A/S — Credit Rating and Financial Key Figures

FORENEDE FINANS A/S (CVR number: 32784372) is a company from MORSØ. The company recorded a gross profit of 3369 kDKK in 2023. The operating profit was 1477.2 kDKK, while net earnings were 1231.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 15.8 %, which can be considered excellent and Return on Equity (ROE) was 19.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 74.4 %, 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. FORENEDE FINANS A/S's liquidity measured by quick ratio was 2.4 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.