HOVE A/S — Credit Rating and Financial Key Figures

HOVE A/S (CVR number: 25804821K) is a company from GLOSTRUP. The company reported a net sales of 187 mDKK in 2023, demonstrating a growth of 23.4 % compared to the previous year. The operating profit percentage was at 6.3 % (EBIT: 11.8 mDKK), while net earnings were 3575.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.4 %, which can be considered good but Return on Equity (ROE) was 5.2 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 74.1 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. HOVE A/S's liquidity measured by quick ratio was 2.8 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.