Local Brands ApS — Credit Rating and Financial Key Figures

Local Brands ApS (CVR number: 26844266) is a company from FREDENSBORG. The company recorded a gross profit of -39.8 kDKK in 2023. The operating profit was -39.8 kDKK, while net earnings were 25.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -21.4 %, which can be considered poor but Return on Equity (ROE) was 19.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 70.7 %, 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. Local Brands ApS's liquidity measured by quick ratio was 1.6 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.