ERLING CHRISTENSEN HØRMESTED ApS — Credit Rating and Financial Key Figures

ERLING CHRISTENSEN HØRMESTED ApS (CVR number: 25298489) is a company from HJØRRING. The company recorded a gross profit of 2768.8 kDKK in 2023. The operating profit was 1471.5 kDKK, while net earnings were 1169.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.3 %, which can be considered decent but Return on Equity (ROE) was 30.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 43.1 %, 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. ERLING CHRISTENSEN HØRMESTED ApS's liquidity measured by quick ratio was 1.7 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.