Init Group ApS — Credit Rating and Financial Key Figures

Init Group ApS (CVR number: 42896136K) is a company from GLADSAXE. The company reported a net sales of 653.1 mDKK in 2023, demonstrating a growth of 104.4 % compared to the previous year. The operating profit percentage was poor at -0.5 % (EBIT: -3.2 mDKK), while net earnings were -70.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was -0.2 %, which can be considered poor and Return on Equity (ROE) was -19.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 33.9 %, 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. Init Group ApS's liquidity measured by quick ratio was 1.7 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.