Karma Wear ApS — Credit Rating and Financial Key Figures

Karma Wear ApS (CVR number: 36720166) is a company from HØJE TAASTRUP. The company recorded a gross profit of -241.8 kDKK in 2018. The operating profit was -241.8 kDKK, while net earnings were -247.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -98.5 %, which can be considered poor and Return on Equity (ROE) was -113 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -0.4 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Karma Wear ApS's liquidity measured by quick ratio was 4.4 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.