Search IT Group ApS — Credit Rating and Financial Key Figures

Search IT Group ApS (CVR number: 26994306) is a company from GREVE. The company recorded a gross profit of 567.3 kDKK in 2023. The operating profit was -27.8 kDKK, while net earnings were 60.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.1 %, which can be considered decent and Return on Equity (ROE) was 6.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 29 %, 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. Search IT Group ApS's liquidity measured by quick ratio was 1.3 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.