Hedegaard Boring A/S — Credit Rating and Financial Key Figures

Hedegaard Boring A/S (CVR number: 38043129) is a company from MORSØ. The company recorded a gross profit of 716.5 kDKK in 2023. The operating profit was 572 kDKK, while net earnings were 368.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 19.5 %, which can be considered excellent and Return on Equity (ROE) was 56.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 24.7 %, 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. Hedegaard Boring A/S'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.