OLE HØY HOLDING ApS — Credit Rating and Financial Key Figures

OLE HØY HOLDING ApS (CVR number: 29308926) is a company from VARDE. The company recorded a gross profit of 235.1 kDKK in 2023. The operating profit was 175.1 kDKK, while net earnings were 1543.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.9 %, which can be considered good but Return on Equity (ROE) was 16.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 83.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. OLE HØY HOLDING ApS's liquidity measured by quick ratio was 0.4 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.