Devoteam Data Driven ApS — Credit Rating and Financial Key Figures

Devoteam Data Driven ApS (CVR number: 35657339) is a company from KØBENHAVN. The company reported a net sales of 122 mDKK in 2023, demonstrating a growth of 2.3 % compared to the previous year. The operating profit percentage was at 5.4 % (EBIT: 6.6 mDKK), while net earnings were 4654.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.7 %, which can be considered decent but Return on Equity (ROE) was 8.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 3.9 %, 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. Devoteam Data Driven ApS's liquidity measured by quick ratio was 1.1 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.