SOLO HORSENS ApS — Credit Rating and Financial Key Figures

SOLO HORSENS ApS (CVR number: 26327830) is a company from VARDE. The company recorded a gross profit of 1015.5 kDKK in 2017. The operating profit was -11.3 kDKK, while net earnings were -80.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.3 %, which can be considered poor and Return on Equity (ROE) was -6.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -2.4 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. SOLO HORSENS ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.