HOVBORG KRO ApS — Credit Rating and Financial Key Figures

HOVBORG KRO ApS (CVR number: 20962887) is a company from VEJEN. The company recorded a gross profit of 11.8 mDKK in 2023. The operating profit was 642.6 kDKK, while net earnings were 372.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.5 %, which can be considered decent but Return on Equity (ROE) was 9.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 28.6 %, 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. HOVBORG KRO ApS's liquidity measured by quick ratio was 0.2 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.