Highway 66 Løkken IVS — Credit Rating and Financial Key Figures

Highway 66 Løkken IVS (CVR number: 38456326) is a company from HJØRRING. The company recorded a gross profit of 825.1 kDKK in 2019. The operating profit was -71 kDKK, while net earnings were -58.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -8.2 %, which can be considered poor and Return on Equity (ROE) was -28.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 19.8 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Highway 66 Løkken IVS's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.