Verified Minds Illuminated Association IVS — Credit Rating and Financial Key Figures

Verified Minds Illuminated Association IVS (CVR number: 38835297) is a company from FREDERIKSBERG. The company recorded a gross profit of 6.1 kDKK in 2019. The operating profit was -21.5 kDKK, while net earnings were -26.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -58 %, which can be considered poor and Return on Equity (ROE) was -143.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 21.9 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Verified Minds Illuminated Association IVS's liquidity measured by quick ratio was 1.3 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.