OVE HOLDING IVS — Credit Rating and Financial Key Figures

OVE HOLDING IVS (CVR number: 39307405) is a company from NÆSTVED. The company recorded a gross profit of -4.4 kDKK in 2020. The operating profit was -3.1 kDKK, while net earnings were -5.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.9 %, which can be considered poor and Return on Equity (ROE) was -6.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 33.2 %, 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. OVE HOLDING IVS's liquidity measured by quick ratio was 1.5 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.