Ignition ApS — Credit Rating and Financial Key Figures

Ignition ApS (CVR number: 38532359) is a company from VEJLE. The company recorded a gross profit of 64.8 kDKK in 2023. The operating profit was 25.6 kDKK, while net earnings were 19.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 57.5 %, which can be considered excellent and Return on Equity (ROE) was 70.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 76 %, 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. Ignition ApS's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.