HORNSYLD KORN A/S — Credit Rating and Financial Key Figures

HORNSYLD KORN A/S (CVR number: 46596315K) is a company from HEDENSTED. The company reported a net sales of 2967.5 mDKK in 2023, demonstrating a growth of 3.5 % compared to the previous year. The operating profit percentage was at 2.2 % (EBIT: 64.2 mDKK), while net earnings were 43.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 7.4 %, which can be considered decent but Return on Equity (ROE) was 17.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 30.8 %, 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. HORNSYLD KORN A/S's liquidity measured by quick ratio was 0.4 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.