THOMAS HARTTUNG A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About THOMAS HARTTUNG A/S
THOMAS HARTTUNG A/S (CVR number: 28898622) is a company from HEDENSTED. The company recorded a gross profit of 63 kDKK in 2023. The operating profit was -2382 kDKK, while net earnings were 280 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.9 %, which can be considered decent but Return on Equity (ROE) was 0.5 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 70.4 %, 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. THOMAS HARTTUNG A/S's liquidity measured by quick ratio was 4.3 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 | 937.00 | 1 015.00 | 1 068.00 | ||
Gross profit | 303.00 | 164.00 | 294.00 | 696.00 | 63.00 |
EBIT | -3 282.00 | -3 744.00 | -4 438.00 | -4 428.00 | -2 382.00 |
Net earnings | 2 082.00 | 12 257.00 | -6 467.00 | -24 289.00 | 280.00 |
Shareholders equity total | 69 809.00 | 81 982.00 | 75 572.00 | 51 250.00 | 51 530.00 |
Balance sheet total (assets) | 70 353.00 | 83 225.00 | 84 326.00 | 71 825.00 | 73 228.00 |
Net debt | -1 421.00 | -2 946.00 | 360.00 | 18 990.00 | 20 473.00 |
Profitability | |||||
EBIT-% | -350.3 % | -368.9 % | -415.5 % | ||
ROA | 2.1 % | 15.0 % | -8.7 % | -27.5 % | 5.9 % |
ROE | 3.0 % | 16.1 % | -8.2 % | -38.3 % | 0.5 % |
ROI | 2.2 % | 15.2 % | -8.8 % | -31.7 % | 1.8 % |
Economic value added (EVA) | -3 784.61 | -4 362.17 | -5 496.17 | -5 532.91 | -4 063.47 |
Solvency | |||||
Equity ratio | 99.2 % | 98.5 % | 89.6 % | 71.4 % | 70.4 % |
Gearing | 10.3 % | 38.5 % | 40.9 % | ||
Relative net indebtedness % | -93.6 % | -167.8 % | 124.3 % | ||
Liquidity | |||||
Quick ratio | 58.7 | 32.2 | 5.1 | 4.9 | 4.3 |
Current ratio | 58.7 | 32.2 | 5.1 | 4.9 | 4.4 |
Cash and cash equivalents | 1 421.00 | 2 946.00 | 7 427.00 | 742.00 | 604.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 304.6 | 114.4 | 37.6 | ||
Net working capital % | 3189.5 % | 3574.5 % | 3388.1 % | ||
Credit risk | |||||
Credit rating | A | A | BBB | BBB | A |
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