ANGORA BODYWEAR ApS — Credit Rating and Financial Key Figures

ANGORA BODYWEAR ApS (CVR number: 35476814) is a company from KØGE. The company recorded a gross profit of 26.5 kDKK in 2018. The operating profit was 26.5 kDKK, while net earnings were 13 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.7 %, which can be considered good and Return on Equity (ROE) was 10.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at -48.1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. ANGORA BODYWEAR ApS's liquidity measured by quick ratio was 0.1 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.