Ocean Wave Power A/S — Credit Rating and Financial Key Figures

Ocean Wave Power A/S (CVR number: 38991787) is a company from SVENDBORG. The company recorded a gross profit of -11.8 kDKK in 2023. The operating profit was -11.8 kDKK, while net earnings were -5.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.5 %, which can be considered poor and Return on Equity (ROE) was -2.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 65.6 %, 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. Ocean Wave Power A/S's liquidity measured by quick ratio was 3 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.