NewTurn ApS — Credit Rating and Financial Key Figures

NewTurn ApS (CVR number: 39573857) is a company from RINGKØBING-SKJERN. The company recorded a gross profit of 34.2 kDKK in 2021. The operating profit was 34.2 kDKK, while net earnings were 24.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.3 %, which can be considered weak and Return on Equity (ROE) was 1.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 23.7 %, 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. NewTurn 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.