Formula X Agency ApS — Credit Rating and Financial Key Figures

Formula X Agency ApS (CVR number: 43757873) is a company from HVIDOVRE. The company recorded a gross profit of 530.5 kDKK in 2023. The operating profit was 24.4 kDKK, while net earnings were 17.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.7 %, which can be considered good but Return on Equity (ROE) was 30.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 34.8 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Formula X Agency ApS's liquidity measured by quick ratio was 1.5 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.