TurnIvy ApS — Credit Rating and Financial Key Figures

TurnIvy ApS (CVR number: 41065508) is a company from KØBENHAVN. The company reported a net sales of 0 mDKK in 2020. The operating profit percentage was at 4.6 % (EBIT: 0 mDKK), while net earnings were 1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.6 %, which can be considered decent but Return on Equity (ROE) was 1.6 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 75.7 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. TurnIvy ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.