HORSENS VÆRKTØJSFABRIK A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About HORSENS VÆRKTØJSFABRIK A/S
HORSENS VÆRKTØJSFABRIK A/S (CVR number: 29141045) is a company from HORSENS. The company recorded a gross profit of 4991.4 kDKK in 2024. The operating profit was -1087.3 kDKK, while net earnings were -867.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -29.7 %, which can be considered poor and Return on Equity (ROE) was -34.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 69.1 %, 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. HORSENS VÆRKTØJSFABRIK A/S's liquidity measured by quick ratio was 2.1 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 6 075.82 | 7 678.12 | 9 392.11 | 9 251.73 | 4 991.43 |
| EBIT | - 149.22 | 1 048.37 | 2 439.34 | 2 277.73 | -1 087.34 |
| Net earnings | - 151.98 | 792.65 | 1 894.02 | 1 820.23 | - 867.42 |
| Shareholders equity total | 3 432.93 | 3 725.58 | 5 119.60 | 2 939.83 | 2 072.40 |
| Balance sheet total (assets) | 5 139.21 | 7 097.56 | 9 117.78 | 4 214.23 | 2 998.07 |
| Net debt | - 619.69 | -3 375.06 | -3 125.55 | -1 340.51 | - 264.58 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -2.6 % | 17.1 % | 30.2 % | 35.2 % | -29.7 % |
| ROE | -4.0 % | 22.1 % | 42.8 % | 45.2 % | -34.6 % |
| ROI | -3.9 % | 29.2 % | 55.4 % | 58.0 % | -42.5 % |
| Economic value added (EVA) | - 325.26 | 647.10 | 1 711.87 | 1 517.54 | - 999.79 |
| Solvency | |||||
| Equity ratio | 70.0 % | 62.8 % | 70.6 % | 69.8 % | 69.1 % |
| Gearing | 0.0 % | 0.2 % | 0.3 % | ||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 2.3 | 2.9 | 5.0 | 3.6 | 2.1 |
| Current ratio | 2.0 | 1.8 | 2.3 | 3.6 | 2.2 |
| Cash and cash equivalents | 620.03 | 3 375.06 | 3 125.55 | 1 346.70 | 269.95 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | A | BBB | BBB |
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