HØRNING AUTOHANDEL ApS — Credit Rating and Financial Key Figures

HØRNING AUTOHANDEL ApS (CVR number: 28322771) is a company from SKANDERBORG. The company recorded a gross profit of 1601.1 kDKK in 2023. The operating profit was 388.1 kDKK, while net earnings were 201.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.6 %, which can be considered good but Return on Equity (ROE) was 20.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 21.5 %, 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. HØRNING AUTOHANDEL ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.