TÅRS/HJØRRING TØMMERHANDEL A/S — Credit Rating and Financial Key Figures

TÅRS/HJØRRING TØMMERHANDEL A/S (CVR number: 35236317) is a company from HJØRRING. The company recorded a gross profit of 19.8 mDKK in 2023. The operating profit was 2872.9 kDKK, while net earnings were 1672.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.8 %, which can be considered decent but Return on Equity (ROE) was 12.1 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 32.8 %, 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. TÅRS/HJØRRING TØMMERHANDEL A/S'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.