ERIK FRANDSEN AUTOMOBILER ApS — Credit Rating and Financial Key Figures

ERIK FRANDSEN AUTOMOBILER ApS (CVR number: 32087450) is a company from VIBORG. The company recorded a gross profit of 3296 kDKK in 2023. The operating profit was 646.8 kDKK, while net earnings were 544.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21.1 %, which can be considered excellent and Return on Equity (ROE) was 23.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 65.1 %, 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. ERIK FRANDSEN AUTOMOBILER ApS's liquidity measured by quick ratio was 2.1 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.