ERIK HOUGAARD SØRENSEN ApS — Credit Rating and Financial Key Figures

ERIK HOUGAARD SØRENSEN ApS (CVR number: 27230458) is a company from RANDERS. The company recorded a gross profit of 290.1 kDKK in 2020. The operating profit was 47.2 kDKK, while net earnings were 29.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.1 %, which can be considered good but Return on Equity (ROE) was 93.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -97.6 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. ERIK HOUGAARD SØRENSEN ApS's liquidity measured by quick ratio was 0 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.