FORMULA AUTOMOBILE A/S

FORMULA AUTOMOBILE A/S (CVR number: 26181992) is a company from LYNGBY-TAARBÆK. The company reported a net sales of 877.8 mDKK in 2023, demonstrating a growth of 16.1 % compared to the previous year. The operating profit percentage was at 2 % (EBIT: 17.4 mDKK), while net earnings were 11.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4.9 %, which can be considered decent but Return on Equity (ROE) was 10.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 54.5 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. FORMULA AUTOMOBILE A/S's liquidity measured by quick ratio was 1.9 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.