HANG ON A/S — Credit Rating and Financial Key Figures

CVR number: 30584821
Nørregade 88, 7400 Herning
info@hangon.dk
tel: 88330200
www.hangon.dk
Free credit report Annual report

Credit rating

Company information

Official name
HANG ON A/S
Personnel
1 person
Established
2007
Company form
Limited company
Industry

About HANG ON A/S

HANG ON A/S (CVR number: 30584821) is a company from HERNING. The company recorded a gross profit of 1713.1 kDKK in 2024. The operating profit was 464.4 kDKK, while net earnings were 373.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.2 %, which can be considered good but Return on Equity (ROE) was 18.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 49.8 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. HANG ON A/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit1 943.351 829.722 783.772 318.871 713.11
EBIT651.52618.221 459.311 012.96464.41
Net earnings465.82537.591 240.70801.92373.46
Shareholders equity total1 830.201 866.322 589.282 203.281 761.13
Balance sheet total (assets)3 015.103 591.574 922.723 401.173 533.57
Net debt-1 163.13- 596.41-1 791.83-1 048.78- 948.38
Profitability
EBIT-%
ROA20.5 %21.6 %37.5 %25.5 %14.2 %
ROE25.2 %29.1 %55.7 %33.5 %18.8 %
ROI34.3 %34.0 %64.9 %43.6 %21.8 %
Economic value added (EVA)413.70384.211 023.08654.83250.64
Solvency
Equity ratio60.7 %52.0 %52.6 %64.8 %49.8 %
Gearing5.4 %21.0 %2.7 %29.6 %
Relative net indebtedness %
Liquidity
Quick ratio1.90.91.51.81.3
Current ratio2.52.12.12.81.9
Cash and cash equivalents1 261.33988.321 860.461 048.781 470.50
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBABBB

Variable visualization

ROA:14.2%
Rating: 65/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:49.8%
Rating: 40/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Board member

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