True Business IVS — Credit Rating and Financial Key Figures

True Business IVS (CVR number: 38334891) is a company from KØBENHAVN. The company reported a net sales of 0.3 mDKK in 2019, demonstrating a growth of 15.1 % compared to the previous year. The operating profit percentage was poor at -34.4 % (EBIT: -0.1 mDKK), while net earnings were -117.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -95.3 %, which can be considered poor and Return on Equity (ROE) was -111.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -21.8 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. True Business IVS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.