HOVTEK ApS — Credit Rating and Financial Key Figures

HOVTEK ApS (CVR number: 33376650) is a company from GENTOFTE. The company reported a net sales of 0.8 mDKK in 2023, demonstrating a growth of 12.1 % compared to the previous year. The operating profit percentage was poor at -1.9 % (EBIT: -0 mDKK), while net earnings were -13.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.6 %, which can be considered poor and Return on Equity (ROE) was -11.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 22 %, 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. HOVTEK ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.