HARPSØFARMEN A/S — Credit Rating and Financial Key Figures

CVR number: 29633002
Degnebakken 6, 9830 Tårs
tel: 98961161

Company information

Official name
HARPSØFARMEN A/S
Personnel
1 person
Established
2006
Company form
Limited company
Industry

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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales-1 928.25-95.602 089.141 227.402 048.83
Gross profit-2 006.99- 148.642 024.881 186.792 020.55
EBIT-2 052.57- 194.211 979.301 104.701 942.06
Net earnings-1 767.86612.001 955.941 136.151 921.41
Shareholders equity total7 132.317 744.319 735.8410 521.9912 443.40
Balance sheet total (assets)8 484.469 284.9811 375.5911 958.7413 947.60
Net debt53.75357.40563.35164.3898.84
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- 182.641 780.351 255.412 092.87
Solvency
Equity ratio84.1 %83.4 %85.6 %88.0 %89.2 %
Gearing10.5 %9.5 %7.5 %5.2 %4.3 %
Relative net indebtedness %-4.5 %-401.6 %27.9 %14.8 %5.8 %
Liquidity
Quick ratio5.35.23.02.82.6
Current ratio5.35.23.02.82.6
Cash and cash equivalents695.72377.62167.83381.92437.38
Capital use efficiency
Trade debtors turnover (days)
Net working capital %-172.8 %-3333.4 %71.8 %81.3 %43.8 %
Credit risk
Credit ratingBBBBBBAAAAA

Variable visualization

ROA:15.6%
Rating: 67/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:89.2%
Rating: 69/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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