HJØRRING HOBBY ApS — Credit Rating and Financial Key Figures

HJØRRING HOBBY ApS (CVR number: 81174318) is a company from HJØRRING. The company recorded a gross profit of 73.8 kDKK in 2023. The operating profit was 73.8 kDKK, while net earnings were 70.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.3 %, which can be considered good but Return on Equity (ROE) was 60.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -81.2 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. HJØRRING HOBBY ApS's liquidity measured by quick ratio was 0 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.