Formulate Holding ApS — Credit Rating and Financial Key Figures

Formulate Holding ApS (CVR number: 43098551) is a company from SILKEBORG. The company recorded a gross profit of 605.2 kDKK in 2023. The operating profit was 528.2 kDKK, while net earnings were 406.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 28.2 %, which can be considered excellent and Return on Equity (ROE) was 72.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 34.4 %, 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. Formulate Holding ApS's liquidity measured by quick ratio was 1.2 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.