Ovodan Biotech A/S — Credit Rating and Financial Key Figures

Ovodan Biotech A/S (CVR number: 33870256) is a company from ODENSE. The company recorded a gross profit of -157.2 kDKK in 2023. The operating profit was -716.1 kDKK, while net earnings were 220.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.5 %, which can be considered weak but Return on Equity (ROE) was 12.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at -91.9 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Ovodan Biotech A/S's liquidity measured by quick ratio was 28.5 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.