SPIN MODE ApS — Credit Rating and Financial Key Figures

SPIN MODE ApS (CVR number: 81889414) is a company from IKAST-BRANDE. The company recorded a gross profit of 587 kDKK in 2019. The operating profit was 5 kDKK, while net earnings were 3.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.8 %, which can be considered weak and Return on Equity (ROE) was 0.7 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 73.9 %, 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. SPIN MODE ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.