Horizon3 A/S — Credit Rating and Financial Key Figures

Horizon3 A/S (CVR number: 43413074) is a company from ESBJERG. The company recorded a gross profit of -653.7 kDKK in 2023. The operating profit was -748.6 kDKK, while net earnings were -553.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -94.6 %, which can be considered poor and Return on Equity (ROE) was -106.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 75.8 %, 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. Horizon3 A/S's liquidity measured by quick ratio was 2.9 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.