Absolute Horsetrucks A/S — Credit Rating and Financial Key Figures

Absolute Horsetrucks A/S (CVR number: 37107638) is a company from MARIAGERFJORD. The company recorded a gross profit of 10 mDKK in 2023. The operating profit was 6728.5 kDKK, while net earnings were 3368.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 12.7 %, which can be considered good but Return on Equity (ROE) was 26.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 22.2 %, 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. Absolute Horsetrucks A/S's liquidity measured by quick ratio was 0.2 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.