Højgaarden Sportshorses ApS — Credit Rating and Financial Key Figures

CVR number: 37107352
Gjerrild Bygade 3, Gjerrild 8500 Grenaa

Company information

Official name
Højgaarden Sportshorses ApS
Established
2015
Domicile
Gjerrild
Company form
Private limited company
Industry

About Højgaarden Sportshorses ApS

Højgaarden Sportshorses ApS (CVR number: 37107352) is a company from NORDDJURS. The company recorded a gross profit of -460.8 kDKK in 2024. The operating profit was -752.5 kDKK, while net earnings were -753.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -18.3 %, which can be considered poor and Return on Equity (ROE) was -27.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -40.3 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Højgaarden Sportshorses ApS's liquidity measured by quick ratio was 0 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.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit- 115.67- 126.3153.68- 146.34- 460.81
EBIT75.96- 403.30- 177.09- 377.89- 752.50
Net earnings75.81- 403.88- 177.92- 378.78- 753.13
Shareholders equity total-64.64- 468.53- 646.44-1 025.22-1 778.35
Balance sheet total (assets)1 008.641 572.692 954.592 810.412 632.07
Net debt998.232 032.193 481.353 812.374 398.34
Profitability
EBIT-%
ROA7.9 %-25.9 %-6.3 %-10.2 %-18.3 %
ROE8.9 %-31.3 %-7.9 %-13.1 %-27.7 %
ROI8.2 %-26.5 %-6.4 %-10.3 %-18.3 %
Economic value added (EVA)40.90- 450.91- 255.71- 520.82- 893.24
Solvency
Equity ratio-6.0 %-23.0 %-18.0 %-26.7 %-40.3 %
Gearing-1565.8 %-433.9 %-540.0 %-373.2 %-247.5 %
Relative net indebtedness %
Liquidity
Quick ratio0.10.10.00.00.0
Current ratio0.10.10.20.20.2
Cash and cash equivalents13.970.799.4113.622.61
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBB

Variable visualization

ROA:-18.3%
Rating: 2/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-40.3%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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