Absolute Horses ApS — Credit Rating and Financial Key Figures

CVR number: 39185687
Tågerupvej 32, 6560 Sommersted

Company information

Official name
Absolute Horses ApS
Established
2017
Company form
Private limited company
Industry

About Absolute Horses ApS

Absolute Horses ApS (CVR number: 39185687) is a company from KOLDING. The company recorded a gross profit of 276.5 kDKK in 2023. The operating profit was 353.3 kDKK, while net earnings were 243.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.5 %, which can be considered decent and Return on Equity (ROE) was 5.3 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 96.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Absolute Horses ApS's liquidity measured by quick ratio was 20.9 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit954.38-1 248.01116.67111.92276.54
EBIT2 078.30-1 486.46-3 334.94-73.35353.34
Net earnings699.59- 978.45-78.3071.21243.83
Shareholders equity total5 487.554 509.114 430.814 502.024 745.85
Balance sheet total (assets)10 851.7411 083.675 724.775 004.934 903.80
Net debt2 167.674 762.24- 487.08- 188.78- 107.17
Profitability
EBIT-%
ROA20.1 %-13.6 %-39.7 %-1.2 %7.5 %
ROE13.6 %-19.6 %-1.8 %1.6 %5.3 %
ROI21.7 %-14.8 %-44.4 %-1.4 %8.1 %
Economic value added (EVA)1 372.48-1 262.60-2 581.61- 244.4279.39
Solvency
Equity ratio50.6 %40.7 %77.4 %90.0 %96.8 %
Gearing59.2 %111.3 %
Relative net indebtedness %
Liquidity
Quick ratio0.40.30.74.120.9
Current ratio2.51.95.310.031.0
Cash and cash equivalents1 082.80254.38487.08188.78107.17
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:7.52%
Rating: 50/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:96.8%
Rating: 78/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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