HARTMANN FINANCE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About HARTMANN FINANCE A/S
HARTMANN FINANCE A/S (CVR number: 29613427) is a company from GENTOFTE. The company recorded a gross profit of -27.8 kDKK in 2023. The operating profit was -27.8 kDKK, while net earnings were -16 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.1 %, which can be considered poor and Return on Equity (ROE) was -3.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 93.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. HARTMANN FINANCE A/S's liquidity measured by quick ratio was 15.3 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -17.50 | -17.50 | -25.00 | -27.79 | |
EBIT | -17.68 | -17.50 | -17.50 | -25.00 | -27.79 |
Net earnings | -34.47 | -17.28 | -17.97 | -21.99 | -16.00 |
Shareholders equity total | 1 126.17 | 508.89 | 490.92 | 468.97 | 452.97 |
Balance sheet total (assets) | 1 143.67 | 563.29 | 550.19 | 523.90 | 484.67 |
Net debt | - 482.44 | - 526.39 | - 503.35 | - 487.77 | - 456.58 |
Profitability | |||||
EBIT-% | |||||
ROA | 0.0 % | -2.1 % | -3.1 % | -4.4 % | -3.1 % |
ROE | -3.0 % | -2.1 % | -3.6 % | -4.6 % | -3.5 % |
ROI | 0.0 % | -2.1 % | -3.2 % | -4.6 % | -3.2 % |
Economic value added (EVA) | -41.45 | -46.00 | -10.92 | -16.78 | -19.28 |
Solvency | |||||
Equity ratio | 98.5 % | 90.3 % | 89.2 % | 89.5 % | 93.5 % |
Gearing | 7.3 % | 8.5 % | 6.4 % | 5.2 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 65.4 | 10.4 | 9.3 | 9.5 | 15.3 |
Current ratio | 65.4 | 10.4 | 9.3 | 9.5 | 15.3 |
Cash and cash equivalents | 482.44 | 563.29 | 545.12 | 517.70 | 480.17 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | B | B | C | B |
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