HOFFCO ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About HOFFCO ApS
HOFFCO ApS (CVR number: 31873673) is a company from FAVRSKOV. The company recorded a gross profit of 289.9 kDKK in 2023. The operating profit was -151.8 kDKK, while net earnings were -313.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -17.7 %, which can be considered poor and Return on Equity (ROE) was -19.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 67.6 %, 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. HOFFCO ApS's liquidity measured by quick ratio was 2.8 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.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 510.89 | 87.59 | 395.30 | 306.86 | 289.88 |
EBIT | 64.89 | - 431.05 | - 284.34 | - 308.61 | - 151.79 |
Net earnings | 58.94 | 647.59 | 468.20 | - 258.57 | - 313.87 |
Shareholders equity total | 901.10 | 1 548.68 | 2 016.89 | 1 758.32 | 1 444.45 |
Balance sheet total (assets) | 1 698.35 | 2 646.24 | 3 650.54 | 3 241.49 | 2 137.71 |
Net debt | -86.66 | - 820.75 | -1 099.47 | - 967.28 | - 641.43 |
Profitability | |||||
EBIT-% | |||||
ROA | 6.2 % | 33.1 % | 19.1 % | -6.0 % | -17.7 % |
ROE | 6.8 % | 52.9 % | 26.3 % | -13.7 % | -19.6 % |
ROI | 6.5 % | 35.3 % | 20.2 % | -6.1 % | -17.9 % |
Economic value added (EVA) | 57.64 | - 403.27 | - 221.45 | - 284.40 | - 135.87 |
Solvency | |||||
Equity ratio | 53.1 % | 58.5 % | 55.2 % | 54.2 % | 67.6 % |
Gearing | 78.0 % | 59.1 % | 73.4 % | 83.5 % | 45.9 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.7 | 2.2 | 2.4 | 2.1 | 2.8 |
Current ratio | 1.7 | 2.2 | 2.4 | 2.1 | 2.8 |
Cash and cash equivalents | 789.95 | 1 735.39 | 2 580.52 | 2 435.31 | 1 304.96 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | A | BBB | BBB |
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