Simply Remember IvS — Credit Rating and Financial Key Figures

Simply Remember IvS (CVR number: 35661646) is a company from GENTOFTE. The company recorded a gross profit of 142 kDKK in 2018. The operating profit was 142 kDKK, while net earnings were 101.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21.8 %, which can be considered excellent and Return on Equity (ROE) was 5741.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -100 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Simply Remember IvS's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.