IT First Invest ApS — Credit Rating and Financial Key Figures

CVR number: 27019730
Sadolinsvænget 4, 5230 Odense M

Company information

Official name
IT First Invest ApS
Established
2003
Company form
Private limited company
Industry

About IT First Invest ApS

IT First Invest ApS (CVR number: 27019730) is a company from ODENSE. The company recorded a gross profit of 68.2 kDKK in 2023. The operating profit was 42.9 kDKK, while net earnings were 650.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 15.7 %, which can be considered excellent but Return on Equity (ROE) was 12.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 97.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. IT First Invest ApS's liquidity measured by quick ratio was 26 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.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit1 619.1035.709.6437.8768.24
EBIT157.7510.40-15.6612.5742.94
Net earnings55.33932.76- 296.66577.77650.10
Shareholders equity total5 397.056 029.814 583.154 810.925 461.02
Balance sheet total (assets)6 169.427 005.025 182.925 024.695 612.76
Net debt-3 188.24-4 375.58-2 521.13-3 149.21-3 899.72
Profitability
EBIT-%
ROA7.5 %19.0 %0.6 %14.6 %15.7 %
ROE1.0 %16.3 %-5.6 %12.3 %12.7 %
ROI7.7 %19.8 %0.6 %15.0 %16.2 %
Economic value added (EVA)- 186.38- 101.61-92.76-92.31-50.00
Solvency
Equity ratio87.5 %86.1 %88.4 %95.7 %97.3 %
Gearing12.0 %10.3 %12.8 %
Relative net indebtedness %
Liquidity
Quick ratio26.612.975.014.926.0
Current ratio26.612.975.014.926.0
Cash and cash equivalents3 838.154 993.813 107.603 149.213 899.72
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAAAA

Variable visualization

ROA:15.7%
Rating: 67/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:97.3%
Rating: 78/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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