DANICE FURNITURE ApS — Credit Rating and Financial Key Figures

DANICE FURNITURE ApS (CVR number: 35852913) is a company from SILKEBORG. The company recorded a gross profit of -162.9 kDKK in 2017. The operating profit was -162.9 kDKK, while net earnings were 13.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 12.6 %, which can be considered good but Return on Equity (ROE) was 79.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -9.1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. DANICE FURNITURE ApS'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.