Switchpay ApS — Credit Rating and Financial Key Figures

Switchpay ApS (CVR number: 38765442) is a company from ESBJERG. The company recorded a gross profit of 729.4 kDKK in 2024. The operating profit was -2384.2 kDKK, while net earnings were -2414.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -60.7 %, which can be considered poor and Return on Equity (ROE) was -805.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 38.4 %, 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. Switchpay ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.