TGB HOLDING HORSENS ApS — Credit Rating and Financial Key Figures

TGB HOLDING HORSENS ApS (CVR number: 28479271) is a company from HORSENS. The company recorded a gross profit of -1.5 kDKK in 2023. The operating profit was -1.5 kDKK, while net earnings were 45.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13 %, which can be considered good but Return on Equity (ROE) was 39.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 35 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. TGB HOLDING HORSENS 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.