Friis Works IVS — Credit Rating and Financial Key Figures

Friis Works IVS (CVR number: 35842985) is a company from KØBENHAVN. The company recorded a gross profit of 0 kDKK in 2019. The operating profit was 0 kDKK, while net earnings were -1.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0 %, which can be considered poor and Return on Equity (ROE) was -11.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -29.2 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Friis Works IVS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.