HempCrete ApS — Credit Rating and Financial Key Figures

HempCrete ApS (CVR number: 39103389) is a company from MIDDELFART. The company recorded a gross profit of 273.5 kDKK in 2023. The operating profit was 245 kDKK, while net earnings were 213.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 64.6 %, which can be considered excellent and Return on Equity (ROE) was 156.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 16.7 %, 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. HempCrete ApS's liquidity measured by quick ratio was 1.4 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.