SPENN Technology A/S — Credit Rating and Financial Key Figures

SPENN Technology A/S (CVR number: 26518199K) is a company from KØBENHAVN. The company reported a net sales of 30.6 mDKK in 2022, demonstrating a growth of 876.1 % compared to the previous year. The operating profit percentage was poor at -41.5 % (EBIT: -12.7 mDKK), while net earnings were -73.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was -8.5 %, which can be considered poor and Return on Equity (ROE) was -50.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 67.1 %, 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. SPENN Technology A/S's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.