Octarine Bio ApS — Credit Rating and Financial Key Figures

Octarine Bio ApS (CVR number: 39857316) is a company from KØBENHAVN. The company recorded a gross profit of 1089.4 kDKK in 2023. The operating profit was -21.9 mDKK, while net earnings were -19.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was -57.1 %, which can be considered poor and Return on Equity (ROE) was -77 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -39.2 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Octarine Bio 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.