Horizon56 A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Horizon56 A/S
Horizon56 A/S (CVR number: 42743127) is a company from RUDERSDAL. The company reported a net sales of 8.8 mUSD in 2024, demonstrating a growth of 58.7 % compared to the previous year. The operating profit percentage was poor at -40.2 % (EBIT: -3.5 mUSD), while net earnings were -4570 kUSD. The profitability of the company measured by Return on Assets (ROA) was -22.1 %, which can be considered poor and Return on Equity (ROE) was -47.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -35.3 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Horizon56 A/S's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kUSD)
EBIT (kUSD)
Profitability
Solidity
Key figures (kUSD)
See financials2022 | 2023 | 2024 | |
---|---|---|---|
Volume | |||
Net sales | 5 542.00 | 8 794.00 | |
Gross profit | - 165.00 | 260.00 | -2 514.00 |
EBIT | -8 892.00 | 213.00 | -3 533.00 |
Net earnings | -7 116.00 | - 145.00 | -4 570.00 |
Shareholders equity total | -2 054.00 | -2 199.00 | -6 769.00 |
Balance sheet total (assets) | 4 158.00 | 6 699.00 | 12 384.00 |
Net debt | 5 106.00 | 8 208.00 | 18 392.00 |
Profitability | |||
EBIT-% | 3.8 % | -40.2 % | |
ROA | -141.3 % | 3.5 % | -22.1 % |
ROE | -171.1 % | -2.7 % | -47.9 % |
ROI | -171.9 % | 4.0 % | -23.3 % |
Economic value added (EVA) | -7 011.91 | 9.19 | -4 545.27 |
Solvency | |||
Equity ratio | -33.1 % | -24.7 % | -35.3 % |
Gearing | -248.6 % | -373.3 % | -271.7 % |
Relative net indebtedness % | 160.6 % | 217.8 % | |
Liquidity | |||
Quick ratio | 0.6 | 0.4 | 0.5 |
Current ratio | 0.6 | 0.4 | 0.5 |
Cash and cash equivalents | |||
Capital use efficiency | |||
Trade debtors turnover (days) | 64.0 | 140.3 | |
Net working capital % | -90.3 % | -100.3 % | |
Credit risk | |||
Credit rating | B | BBB | BB |
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