HOLGER ELGAARD A/S — Credit Rating and Financial Key Figures

HOLGER ELGAARD A/S (CVR number: 74093116) is a company from AARHUS. The company recorded a gross profit of 17.1 mDKK in 2023. The operating profit was 3227.5 kDKK, while net earnings were 2520.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.3 %, which can be considered good but Return on Equity (ROE) was 18.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 61.6 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. HOLGER ELGAARD A/S's liquidity measured by quick ratio was 1.6 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.