FORENINGEN BANKDATA — Credit Rating and Financial Key Figures

FORENINGEN BANKDATA (CVR number: 68964415K) is a company from FREDERICIA. The company reported a net sales of 1802.7 mDKK in 2023, demonstrating a decline of -1.1 % compared to the previous year. The operating profit percentage was at 0.2 % (EBIT: 3.7 mDKK), while net earnings were 6805 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.9 %, which can be considered weak and Return on Equity (ROE) was 1.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 64.9 %, 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. FORENINGEN BANKDATA's liquidity measured by quick ratio was 1.9 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.