Firstline IT ApS — Credit Rating and Financial Key Figures

Firstline IT ApS (CVR number: 32345212) is a company from RANDERS. The company recorded a gross profit of 761.9 kDKK in 2022. The operating profit was 151.2 kDKK, while net earnings were 117.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 28.1 %, which can be considered excellent and Return on Equity (ROE) was 109 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 14.6 %, 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. Firstline IT 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.