HIGHGEAR ApS — Credit Rating and Financial Key Figures

HIGHGEAR ApS (CVR number: 28963696) is a company from HJØRRING. The company recorded a gross profit of 2465 kDKK in 2023. The operating profit was 362.4 kDKK, while net earnings were 259.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.2 %, which can be considered good but Return on Equity (ROE) was 25.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 32.9 %, 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. HIGHGEAR 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.