Nordic Horse ApS — Credit Rating and Financial Key Figures

Nordic Horse ApS (CVR number: 42667021) is a company from VARDE. The company recorded a gross profit of 142.6 kDKK in 2024. The operating profit was -12.9 kDKK, while net earnings were -50.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.7 %, which can be considered poor and Return on Equity (ROE) was -10.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -3.6 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Nordic Horse ApS's liquidity measured by quick ratio was 1.8 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.