ADDASOUND DENMARK A/S — Credit Rating and Financial Key Figures

ADDASOUND DENMARK A/S (CVR number: 34584214) is a company from AALBORG. The company recorded a gross profit of -241.1 kDKK in 2023. The operating profit was -514.8 kDKK, while net earnings were -403.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -54.2 %, which can be considered poor and Return on Equity (ROE) was -57.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -7.2 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. ADDASOUND DENMARK A/S's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.