Credit rating
Company information
About HARPSØFARMEN A/S
HARPSØFARMEN A/S (CVR number: 29633002) is a company from HJØRRING. The company reported a net sales of 2 mDKK in 2023, demonstrating a growth of 66.9 % compared to the previous year. The operating profit percentage was at 94.8 % (EBIT: 1.9 mDKK), while net earnings were 1921.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 15.6 %, which can be considered excellent and Return on Equity (ROE) was 16.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 89.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. HARPSØFARMEN A/S's liquidity measured by quick ratio was 2.6 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 | -1 928.25 | -95.60 | 2 089.14 | 1 227.40 | 2 048.83 |
Gross profit | -2 006.99 | - 148.64 | 2 024.88 | 1 186.79 | 2 020.55 |
EBIT | -2 052.57 | - 194.21 | 1 979.30 | 1 104.70 | 1 942.06 |
Net earnings | -1 767.86 | 612.00 | 1 955.94 | 1 136.15 | 1 921.41 |
Shareholders equity total | 7 132.31 | 7 744.31 | 9 735.84 | 10 521.99 | 12 443.40 |
Balance sheet total (assets) | 8 484.46 | 9 284.98 | 11 375.59 | 11 958.74 | 13 947.60 |
Net debt | 53.75 | 357.40 | 563.35 | 164.38 | 98.84 |
Profitability | |||||
EBIT-% | 94.7 % | 90.0 % | 94.8 % | ||
ROA | -18.4 % | 9.6 % | 20.4 % | 9.8 % | 15.6 % |
ROE | -22.1 % | 8.2 % | 22.4 % | 11.2 % | 16.7 % |
ROI | -19.2 % | 9.7 % | 20.4 % | 9.9 % | 15.6 % |
Economic value added (EVA) | -1 957.55 | - 182.64 | 1 780.35 | 1 255.41 | 2 092.87 |
Solvency | |||||
Equity ratio | 84.1 % | 83.4 % | 85.6 % | 88.0 % | 89.2 % |
Gearing | 10.5 % | 9.5 % | 7.5 % | 5.2 % | 4.3 % |
Relative net indebtedness % | -4.5 % | -401.6 % | 27.9 % | 14.8 % | 5.8 % |
Liquidity | |||||
Quick ratio | 5.3 | 5.2 | 3.0 | 2.8 | 2.6 |
Current ratio | 5.3 | 5.2 | 3.0 | 2.8 | 2.6 |
Cash and cash equivalents | 695.72 | 377.62 | 167.83 | 381.92 | 437.38 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -172.8 % | -3333.4 % | 71.8 % | 81.3 % | 43.8 % |
Credit risk | |||||
Credit rating | BB | BBB | A | A | A |
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