Xare ApS — Credit Rating and Financial Key Figures

Xare ApS (CVR number: 37393509) is a company from KØBENHAVN. The company recorded a gross profit of -14.3 kDKK in 2017. The operating profit was -14.3 kDKK, while net earnings were -17.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -30.1 %, which can be considered poor and Return on Equity (ROE) was -45.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 69.4 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Xare ApS's liquidity measured by quick ratio was 3.3 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.