HEDEDANMARK A/S — Credit Rating and Financial Key Figures

CVR number: 27623549
Klostermarken 12, 8800 Viborg
tel: 87281001

Credit rating

Company information

Official name
HEDEDANMARK A/S
Personnel
895 persons
Established
2004
Company form
Limited company
Industry
  • Expand more icon02Forestry and logging

About HEDEDANMARK A/S

HEDEDANMARK A/S (CVR number: 27623549K) is a company from VIBORG. The company reported a net sales of 2285.3 mDKK in 2023, demonstrating a growth of 5.6 % compared to the previous year. The operating profit percentage was at 1.6 % (EBIT: 35.5 mDKK), while net earnings were 19.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 3.6 %, which can be considered weak but Return on Equity (ROE) was 7.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 23 %, 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. HEDEDANMARK A/S's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales1 660.311 706.381 996.942 164.752 285.31
Gross profit414.18410.49469.46507.76535.13
EBIT28.013.1744.1923.7735.46
Net earnings-1.041.2227.526.7819.49
Shareholders equity total260.12192.9944.07237.52257.17
Balance sheet total (assets)732.20733.471 043.551 024.101 149.41
Net debt104.38119.09480.64262.16303.18
Profitability
EBIT-%1.7 %0.2 %2.2 %1.1 %1.6 %
ROA3.9 %0.3 %4.4 %2.4 %3.6 %
ROE-0.4 %0.5 %23.8 %4.9 %7.9 %
ROI6.3 %1.4 %10.1 %3.5 %6.6 %
Economic value added (EVA)8.51-9.7229.2730.4016.32
Solvency
Equity ratio38.1 %27.6 %21.1 %23.8 %23.0 %
Gearing49.0 %83.9 %1245.8 %125.5 %138.9 %
Relative net indebtedness %25.4 %28.0 %43.8 %33.0 %35.4 %
Liquidity
Quick ratio1.31.00.90.90.9
Current ratio1.31.11.01.11.1
Cash and cash equivalents22.9842.8768.4536.0053.99
Capital use efficiency
Trade debtors turnover (days)86.782.988.685.690.5
Net working capital %8.6 %4.1 %0.8 %4.3 %3.7 %
Credit risk
Credit ratingAAABBBA

Variable visualization

ROA:3.57%
Rating: 38/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:23.0%
Rating: 21/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

Companies in the same industry

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