Horsevad Maskinudlejning ApS — Credit Rating and Financial Key Figures

Horsevad Maskinudlejning ApS (CVR number: 38848178) is a company from HJØRRING. The company recorded a gross profit of 831.1 kDKK in 2023. The operating profit was -16.4 kDKK, while net earnings were -10.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.2 %, which can be considered weak but Return on Equity (ROE) was -1.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 67 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Horsevad Maskinudlejning ApS's liquidity measured by quick ratio was 2.3 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.