Horsens City A/S — Credit Rating and Financial Key Figures

Horsens City A/S (CVR number: 40607749) is a company from AARHUS. The company recorded a gross profit of 340.5 kDKK in 2023. The operating profit was 340.5 kDKK, while net earnings were -151.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.2 %, which can be considered weak but Return on Equity (ROE) was -7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 18.3 %, 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. Horsens City A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.