HERBST Engineering ApS — Credit Rating and Financial Key Figures

HERBST Engineering ApS (CVR number: 24221997) is a company from MIDDELFART. The company recorded a gross profit of 2973.2 kDKK in 2023. The operating profit was 270.3 kDKK, while net earnings were 44 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.1 %, which can be considered decent but Return on Equity (ROE) was 2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 34 %, 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. HERBST Engineering ApS's liquidity measured by quick ratio was 0.2 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.