PROGRESSIVE DEVELOPMENT IVS — Credit Rating and Financial Key Figures

PROGRESSIVE DEVELOPMENT IVS (CVR number: 36435550) is a company from KØGE. The company recorded a gross profit of -32 kDKK in 2018. The operating profit was -347 kDKK, while net earnings were -380 kDKK. The profitability of the company measured by Return on Assets (ROA) was -100.6 %, which can be considered poor and Return on Equity (ROE) was -138.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 66.8 %, 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. PROGRESSIVE DEVELOPMENT IVS'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.