Credit rating
Company information
About HØRSTED AGRO A/S
HØRSTED AGRO A/S (CVR number: 36058579) is a company from THISTED. The company recorded a gross profit of 3867.9 kDKK in 2023. The operating profit was 1171.7 kDKK, while net earnings were -513 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.2 %, which can be considered weak but Return on Equity (ROE) was -10.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 25.2 %, 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. HØRSTED AGRO A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 1 768.25 | 2 066.11 | 1 850.93 | 3 544.52 | 3 867.95 |
EBIT | 782.33 | 1 032.48 | 397.81 | 1 780.70 | 1 171.66 |
Net earnings | 286.53 | 525.54 | 17.98 | 769.52 | - 512.99 |
Shareholders equity total | 3 675.03 | 4 200.57 | 4 218.56 | 4 988.08 | 4 475.09 |
Balance sheet total (assets) | 30 188.99 | 30 084.19 | 31 003.56 | 55 987.66 | 53 470.60 |
Net debt | 24 241.70 | 23 464.39 | 23 795.35 | 47 101.86 | 46 252.16 |
Profitability | |||||
EBIT-% | |||||
ROA | 2.6 % | 3.4 % | 1.3 % | 4.1 % | 2.2 % |
ROE | 8.1 % | 13.3 % | 0.4 % | 16.7 % | -10.8 % |
ROI | 2.7 % | 3.5 % | 1.3 % | 4.2 % | 2.2 % |
Economic value added (EVA) | - 658.93 | - 292.84 | - 797.18 | 305.66 | - 922.56 |
Solvency | |||||
Equity ratio | 18.1 % | 19.9 % | 19.4 % | 25.0 % | 25.2 % |
Gearing | 659.6 % | 558.6 % | 564.1 % | 944.9 % | 1034.9 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.7 | 0.6 | 0.5 | 0.8 | 0.6 |
Current ratio | 0.8 | 0.9 | 0.7 | 1.1 | 0.9 |
Cash and cash equivalents | 30.00 | 60.00 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | BBB | A | BBB |
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