Codespace ApS — Credit Rating and Financial Key Figures

Codespace ApS (CVR number: 39581191) is a company from ODENSE. The company reported a net sales of 0.4 mDKK in 2020. The operating profit percentage was at 5 % (EBIT: 0 mDKK), while net earnings were 14.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 45 %, which can be considered excellent and Return on Equity (ROE) was 36.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -2.6 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Codespace ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.