HORSODAN ELEKTRONIK A/S — Credit Rating and Financial Key Figures

HORSODAN ELEKTRONIK A/S (CVR number: 87319113) is a company from HORSENS. The company recorded a gross profit of 12 mDKK in 2020. The operating profit was 5184.8 kDKK, while net earnings were 4061 kDKK. The profitability of the company measured by Return on Assets (ROA) was 40.7 %, which can be considered excellent and Return on Equity (ROE) was 46.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 67.1 %, 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. HORSODAN ELEKTRONIK A/S's liquidity measured by quick ratio was 4.6 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.