Credit rating
Company information
About FORUM HORSENS FONDEN
FORUM HORSENS FONDEN (CVR number: 28153325) is a company from HORSENS. The company reported a net sales of 9.2 mDKK in 2023, demonstrating a growth of 60.4 % compared to the previous year. The operating profit percentage was at 8.1 % (EBIT: 0.7 mDKK), while net earnings were 610.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 35.6 %, which can be considered excellent and Return on Equity (ROE) was 45.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 69.2 %, 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. FORUM HORSENS FONDEN'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.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 6 629.78 | 2 123.74 | 3 414.02 | 5 742.25 | 9 208.28 |
Gross profit | 1 780.34 | 391.45 | 825.47 | 1 358.34 | 2 558.97 |
EBIT | 158.54 | - 643.67 | 208.03 | -50.82 | 749.82 |
Net earnings | 168.25 | - 629.99 | 282.34 | -44.60 | 610.55 |
Shareholders equity total | 1 473.03 | 843.03 | 1 125.37 | 1 080.77 | 1 591.33 |
Balance sheet total (assets) | 2 469.49 | 1 227.33 | 1 605.42 | 1 939.70 | 2 298.45 |
Net debt | -1 521.70 | - 698.98 | -1 022.57 | -1 262.16 | -1 964.26 |
Profitability | |||||
EBIT-% | 2.4 % | -30.3 % | 6.1 % | -0.9 % | 8.1 % |
ROA | 6.6 % | -34.8 % | 14.7 % | -2.9 % | 35.6 % |
ROE | 10.9 % | -54.4 % | 28.7 % | -4.0 % | 45.7 % |
ROI | 10.1 % | -54.0 % | 20.7 % | -4.6 % | 56.5 % |
Economic value added (EVA) | 200.98 | - 602.38 | 288.58 | -19.68 | 640.96 |
Solvency | |||||
Equity ratio | 59.6 % | 68.7 % | 70.1 % | 55.7 % | 69.2 % |
Gearing | |||||
Relative net indebtedness % | -8.1 % | -14.8 % | -15.9 % | -7.0 % | -13.7 % |
Liquidity | |||||
Quick ratio | 2.0 | 2.7 | 2.8 | 2.1 | 2.9 |
Current ratio | 2.3 | 3.1 | 3.1 | 2.2 | 3.2 |
Cash and cash equivalents | 1 521.70 | 698.98 | 1 022.57 | 1 262.16 | 1 964.26 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 11.5 | 7.9 | 24.6 | 16.1 | 1.9 |
Net working capital % | 19.6 % | 33.2 % | 29.9 % | 18.2 % | 16.7 % |
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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