Cringe IVS — Credit Rating and Financial Key Figures

Cringe IVS (CVR number: 38489046) is a company from AARHUS. The company recorded a gross profit of 0 kDKK in 2020, demonstrating a decline of -100 % compared to the previous year. The operating profit was 0 kDKK, while net earnings were -0 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0 %, which can be considered poor and Return on Equity (ROE) was -0 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 46.1 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Cringe IVS's liquidity measured by quick ratio was 1.9 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.