NOVARO ApS — Credit Rating and Financial Key Figures

NOVARO ApS (CVR number: 38682091) is a company from KØBENHAVN. The company recorded a gross profit of 636.6 kDKK in 2019. The operating profit was -2362.9 kDKK, while net earnings were -1731.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -133.4 %, which can be considered poor and Return on Equity (ROE) was -170.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -24 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. NOVARO ApS's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.