High on Life ApS — Credit Rating and Financial Key Figures

High on Life ApS (CVR number: 36965126) is a company from SILKEBORG. The company recorded a gross profit of 3271.4 kDKK in 2023. The operating profit was -313.4 kDKK, while net earnings were -351.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.8 %, which can be considered poor and Return on Equity (ROE) was -10 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 39.8 %, 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. High on Life ApS's liquidity measured by quick ratio was 0.3 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.