HARPØTH BILER HOLDING APS — Credit Rating and Financial Key Figures

HARPØTH BILER HOLDING APS (CVR number: 29199493K) is a company from RANDERS. The company recorded a gross profit of 18.8 mDKK in 2020. The operating profit was 3150 kDKK, while net earnings were 1112 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.7 %, which can be considered decent but Return on Equity (ROE) was 11.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 20.2 %, 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. HARPØTH BILER HOLDING APS's liquidity measured by quick ratio was 0.1 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.