HOUGAARD A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About HOUGAARD A/S
HOUGAARD A/S (CVR number: 31491118) is a company from VIBORG. The company recorded a gross profit of -21.4 kDKK in 2024. The operating profit was -30.6 kDKK, while net earnings were 22.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.2 %, which can be considered decent but Return on Equity (ROE) was 2.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 74.6 %, 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. HOUGAARD A/S's liquidity measured by quick ratio was 3.9 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 | -19.75 | -24.25 | -18.20 | -20.39 | -21.40 |
| EBIT | -19.75 | - 459.25 | - 518.20 | - 560.39 | -30.63 |
| Net earnings | 35.17 | 274.84 | - 918.35 | - 656.02 | 22.56 |
| Shareholders equity total | 2 525.26 | 2 700.10 | 1 681.74 | 1 025.72 | 1 048.28 |
| Balance sheet total (assets) | 2 601.42 | 3 233.95 | 1 775.58 | 1 351.50 | 1 405.58 |
| Net debt | -2 598.58 | -2 776.49 | -1 425.90 | - 994.34 | - 995.82 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 15.1 % | 14.0 % | -18.9 % | -23.7 % | 5.2 % |
| ROE | 1.4 % | 10.5 % | -41.9 % | -48.5 % | 2.2 % |
| ROI | 15.3 % | 14.3 % | -19.3 % | -23.8 % | 5.2 % |
| Economic value added (EVA) | - 152.55 | - 494.30 | - 568.01 | - 486.50 | -98.21 |
| Solvency | |||||
| Equity ratio | 97.1 % | 83.5 % | 94.7 % | 75.9 % | 74.6 % |
| Gearing | 0.1 % | 16.9 % | 4.9 % | 31.1 % | 33.5 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 34.2 | 6.1 | 18.9 | 4.1 | 3.9 |
| Current ratio | 34.2 | 6.1 | 18.9 | 4.1 | 3.9 |
| Cash and cash equivalents | 2 601.42 | 3 233.95 | 1 507.86 | 1 313.65 | 1 347.22 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BB | BB | BB | BBB |
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