Kring Innovation ApS — Credit Rating and Financial Key Figures

Kring Innovation ApS (CVR number: 38696661) is a company from KØBENHAVN. The company recorded a gross profit of -16.8 kDKK in 2024. The operating profit was -16.8 kDKK, while net earnings were -2.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3 %, which can be considered weak but Return on Equity (ROE) was -0.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -14.1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Kring Innovation ApS's liquidity measured by quick ratio was 30.2 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.