KNUD FRANDSEN ApS — Credit Rating and Financial Key Figures

KNUD FRANDSEN ApS (CVR number: 20217006) is a company from VARDE. The company recorded a gross profit of -3.7 kDKK in 2022. The operating profit was -3.7 kDKK, while net earnings were 20.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.7 %, which can be considered weak and Return on Equity (ROE) was 1.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 90.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. KNUD FRANDSEN ApS's liquidity measured by quick ratio was 10.8 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.