ERIK NIELSEN HJØRRING A/S — Credit Rating and Financial Key Figures

ERIK NIELSEN HJØRRING A/S (CVR number: 77102515) is a company from HJØRRING. The company recorded a gross profit of -14.7 kDKK in 2017. The operating profit was -14.7 kDKK, while net earnings were -32.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.2 %, which can be considered weak but Return on Equity (ROE) was -29.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 31 %, 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. ERIK NIELSEN HJØRRING A/S's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.