Dannebrog ApS — Credit Rating and Financial Key Figures

Dannebrog ApS (CVR number: 37338648) is a company from FURESØ. The company recorded a gross profit of 798.4 kDKK in 2023. The operating profit was 141.4 kDKK, while net earnings were 165.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.3 %, which can be considered decent but Return on Equity (ROE) was 11.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 39.4 %, 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. Dannebrog ApS's liquidity measured by quick ratio was 2.8 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.