IT CONNECT ApS — Credit Rating and Financial Key Figures

IT CONNECT ApS (CVR number: 31935733) is a company from KØBENHAVN. The company reported a net sales of 0 mDKK in 2023, demonstrating a decline of -96.5 % compared to the previous year. The operating profit percentage was poor at -735.2 % (EBIT: -0.1 mDKK), while net earnings were -46 kDKK. The profitability of the company measured by Return on Assets (ROA) was -32.9 %, which can be considered poor and Return on Equity (ROE) was -29.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 65 %, 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. IT CONNECT ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.