Old Friends A/S — Credit Rating and Financial Key Figures

Old Friends A/S (CVR number: 42005738) is a company from JAMMERBUGT. The company recorded a gross profit of -26.5 kDKK in 2024. The operating profit was -26.5 kDKK, while net earnings were 2229.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13.3 %, which can be considered good but Return on Equity (ROE) was 62.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 15 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Old Friends A/S'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.