Turn Digital ApS — Credit Rating and Financial Key Figures

Turn Digital ApS (CVR number: 38424947) is a company from KØBENHAVN. The company recorded a gross profit of -7.9 kDKK in 2021. The operating profit was -7.9 kDKK, while net earnings were -8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -29.8 %, which can be considered poor and Return on Equity (ROE) was -65.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -48.1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Turn Digital ApS's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.