NOVITAS VENTURES ApS — Credit Rating and Financial Key Figures

NOVITAS VENTURES ApS (CVR number: 35825665) is a company from ODENSE. The company recorded a gross profit of -14.6 kDKK in 2023. The operating profit was -14.6 kDKK, while net earnings were 7923.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 38.5 %, which can be considered excellent and Return on Equity (ROE) was 120.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 30.5 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. NOVITAS VENTURES ApS's liquidity measured by quick ratio was 1.4 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.