Høng Bageri ApS — Credit Rating and Financial Key Figures

Høng Bageri ApS (CVR number: 37372145) is a company from KALUNDBORG. The company reported a net sales of 2.3 mDKK in 2023, demonstrating a decline of -16.3 % compared to the previous year. The operating profit percentage was poor at -5.5 % (EBIT: -0.1 mDKK), while net earnings were -41.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4.8 %, which can be considered poor and Return on Equity (ROE) was -10.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 60 %, 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. Høng Bageri ApS's liquidity measured by quick ratio was 2.5 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.