Horses Trade ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Horses Trade ApS
Horses Trade ApS (CVR number: 39753561) is a company from HEDENSTED. The company recorded a gross profit of -5.8 kDKK in 2024. The operating profit was -5.8 kDKK, while net earnings were -5.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.3 %, which can be considered poor and Return on Equity (ROE) was -2.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 70.3 %, 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. Horses Trade ApS's liquidity measured by quick ratio was 3.4 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -5.50 | -5.75 | -5.75 | 201.05 | -5.75 |
EBIT | -5.50 | -5.75 | -5.75 | 201.05 | -5.75 |
Net earnings | -5.91 | -6.00 | -5.98 | 227.23 | -5.73 |
Shareholders equity total | 38.87 | 32.87 | 26.89 | 254.12 | 148.38 |
Balance sheet total (assets) | 43.88 | 37.87 | 31.89 | 691.67 | 210.94 |
Net debt | -43.87 | -37.87 | -31.89 | -39.64 | - 153.38 |
Profitability | |||||
EBIT-% | |||||
ROA | -11.7 % | -14.1 % | -16.5 % | 78.7 % | -1.3 % |
ROE | -14.1 % | -16.7 % | -20.0 % | 161.7 % | -2.8 % |
ROI | -13.1 % | -16.0 % | -19.2 % | 202.7 % | -2.5 % |
Economic value added (EVA) | -7.75 | -7.70 | -7.40 | 159.07 | -18.52 |
Solvency | |||||
Equity ratio | 88.6 % | 86.8 % | 84.3 % | 36.7 % | 70.3 % |
Gearing | 0.0 % | 38.8 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 8.8 | 7.6 | 6.4 | 1.6 | 3.4 |
Current ratio | 8.8 | 7.6 | 6.4 | 1.6 | 3.4 |
Cash and cash equivalents | 43.88 | 37.87 | 31.89 | 39.64 | 210.94 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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