Cave IT ApS — Credit Rating and Financial Key Figures

Cave IT ApS (CVR number: 39689340) is a company from ALBERTSLUND. The company recorded a gross profit of 2382.3 kDKK in 2023. The operating profit was 173.6 kDKK, while net earnings were 109.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.4 %, which can be considered good but Return on Equity (ROE) was 31.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 19.6 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Cave IT ApS's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.