OVES AUTO ApS — Credit Rating and Financial Key Figures

OVES AUTO ApS (CVR number: 32285392) is a company from TØNDER. The company recorded a gross profit of 343.9 kDKK in 2019. The operating profit was -225.6 kDKK, while net earnings were -226.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -43.9 %, which can be considered poor and Return on Equity (ROE) was -73.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 64.6 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. OVES AUTO ApS's liquidity measured by quick ratio was 2.8 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.