Ovodrive Technology ApS — Credit Rating and Financial Key Figures

Ovodrive Technology ApS (CVR number: 37365661) is a company from AABENRAA. The company recorded a gross profit of 1.5 kDKK in 2017. The operating profit was 1.5 kDKK, while net earnings were -2.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.3 %, which can be considered weak but Return on Equity (ROE) was -6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 76.2 %, 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. Ovodrive Technology ApS's liquidity measured by quick ratio was 3.6 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.