WORK ON ART ApS

WORK ON ART ApS (CVR number: 34489114) is a company from FREDERIKSHAVN. The company recorded a gross profit of 44.2 kDKK in 2022. The operating profit was 44.2 kDKK, while net earnings were 16.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 22.1 %, which can be considered excellent and Return on Equity (ROE) was 41.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 19.7 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. WORK ON ART ApS's liquidity measured by quick ratio was 1.1 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.