Low Friction Armory ApS — Credit Rating and Financial Key Figures

Low Friction Armory ApS (CVR number: 37146943) is a company from HELSINGØR. The company recorded a gross profit of 5737.3 kDKK in 2022. The operating profit was 5722.1 kDKK, while net earnings were 5664.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 190.8 %, which can be considered excellent and Return on Equity (ROE) was 3795.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 30.1 %, 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. Low Friction Armory ApS's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.