FORMULA SELECTED ApS — Credit Rating and Financial Key Figures

FORMULA SELECTED ApS (CVR number: 35524568) is a company from LYNGBY-TAARBÆK. The company recorded a gross profit of 9803 kDKK in 2023. The operating profit was 4765 kDKK, while net earnings were 790 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.7 %, which can be considered decent but Return on Equity (ROE) was 3.6 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 36.1 %, 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. FORMULA SELECTED ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.