EasyCover ApS — Credit Rating and Financial Key Figures

EasyCover ApS (CVR number: 43489224) is a company from FAVRSKOV. The company reported a net sales of 6.2 mDKK in 2023. The operating profit percentage was at 8.1 % (EBIT: 0.5 mDKK), while net earnings were 369.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 34 %, which can be considered excellent and Return on Equity (ROE) was 88.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 27.9 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. EasyCover ApS's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.