HARALD IVERSEN & SØN A/S — Credit Rating and Financial Key Figures

HARALD IVERSEN & SØN A/S (CVR number: 15992093) is a company from LEMVIG. The company recorded a gross profit of 8717 kDKK in 2023. The operating profit was 2078.6 kDKK, while net earnings were 1749.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 27.8 %, which can be considered excellent and Return on Equity (ROE) was 46.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 11.5 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. HARALD IVERSEN & SØN A/S's liquidity measured by quick ratio was 0.8 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.