Horsens Boligbyg ApS — Credit Rating and Financial Key Figures

Horsens Boligbyg ApS (CVR number: 39044234) is a company from HORSENS. The company recorded a gross profit of 1694.3 kDKK in 2023. The operating profit was 13.5 kDKK, while net earnings were 90.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.7 %, which can be considered decent and Return on Equity (ROE) was 4.3 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 20 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Horsens Boligbyg ApS's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.