HARRIS HANSEN MOTOR A/S — Credit Rating and Financial Key Figures

HARRIS HANSEN MOTOR A/S (CVR number: 10036356) is a company from HELSINGØR. The company recorded a gross profit of 6396.8 kDKK in 2023. The operating profit was 1035.3 kDKK, while net earnings were 748.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 12 %, which can be considered good but Return on Equity (ROE) was 16.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 49.7 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. HARRIS HANSEN MOTOR A/S's liquidity measured by quick ratio was 0.3 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.