HJØRRING VANDSELSKAB A/S — Credit Rating and Financial Key Figures

HJØRRING VANDSELSKAB A/S (CVR number: 29809577) is a company from HJØRRING. The company reported a net sales of 180.7 mDKK in 2023, demonstrating a growth of 1 % compared to the previous year. The operating profit percentage was poor at -3.2 % (EBIT: -5.7 mDKK), while net earnings were -5970 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0 %, which can be considered poor and Return on Equity (ROE) was -0.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 90 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. HJØRRING VANDSELSKAB A/S's liquidity measured by quick ratio was -31.9 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.