HORNE TØMRERFORRETNING ApS — Credit Rating and Financial Key Figures

HORNE TØMRERFORRETNING ApS (CVR number: 29218137) is a company from VARDE. The company recorded a gross profit of 845.3 kDKK in 2021. The operating profit was 189 kDKK, while net earnings were 140.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.6 %, which can be considered good but Return on Equity (ROE) was 50.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 21.7 %, 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. HORNE TØMRERFORRETNING ApS's liquidity measured by quick ratio was 0.8 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.