Nordic Innovative Technology Group ApS — Credit Rating and Financial Key Figures

Nordic Innovative Technology Group ApS (CVR number: 41419571) is a company from AARHUS. The company recorded a gross profit of -72.9 kDKK in 2020. The operating profit was -72.9 kDKK, while net earnings were -72.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -63.1 %, which can be considered poor and Return on Equity (ROE) was -269.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 23.4 %, 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. Nordic Innovative Technology Group ApS'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.