HASBO DRILLING & WATER ENGINEERING A/S — Credit Rating and Financial Key Figures

HASBO DRILLING & WATER ENGINEERING A/S (CVR number: 89818613) is a company from HØRSHOLM. The company recorded a gross profit of 10.3 mDKK in 2023. The operating profit was 1075.9 kDKK, while net earnings were 593 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.2 %, which can be considered good but Return on Equity (ROE) was 15.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 35.7 %, 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. HASBO DRILLING & WATER ENGINEERING A/S's liquidity measured by quick ratio was 1.1 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.