HOFOR VAND ALBERTSLUND A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About HOFOR VAND ALBERTSLUND A/S
HOFOR VAND ALBERTSLUND A/S (CVR number: 33046332) is a company from ALBERTSLUND. The company reported a net sales of 17.9 mDKK in 2023, demonstrating a growth of 25.3 % compared to the previous year. The operating profit percentage was poor at -6.1 % (EBIT: -1.1 mDKK), while net earnings were -2075 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.7 %, which can be considered poor and Return on Equity (ROE) was -2.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 65.4 %, 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. HOFOR VAND ALBERTSLUND A/S's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 15 850.00 | 16 450.00 | 14 870.00 | 14 285.00 | 17 897.00 |
Gross profit | 6 090.00 | 6 695.00 | 1 819.00 | 1 141.00 | 3 953.00 |
EBIT | 960.00 | 1 325.00 | -3 697.00 | -4 173.00 | -1 095.00 |
Net earnings | 459.00 | 814.00 | -3 141.00 | -4 635.00 | -2 075.00 |
Shareholders equity total | 106 808.00 | 107 622.00 | 104 481.00 | 99 846.00 | 97 771.00 |
Balance sheet total (assets) | 131 496.00 | 131 154.00 | 130 585.00 | 139 789.00 | 150 752.00 |
Net debt | 19 827.00 | 18 437.00 | 21 325.00 | 34 905.00 | 50 981.00 |
Profitability | |||||
EBIT-% | 6.1 % | 8.1 % | -24.9 % | -29.2 % | -6.1 % |
ROA | 0.8 % | 1.1 % | -2.8 % | -3.0 % | -0.7 % |
ROE | 0.4 % | 0.8 % | -3.0 % | -4.5 % | -2.1 % |
ROI | 0.8 % | 1.1 % | -2.8 % | -3.1 % | -0.7 % |
Economic value added (EVA) | -5 476.67 | -5 180.00 | -9 107.91 | -10 303.48 | -7 665.64 |
Solvency | |||||
Equity ratio | 82.3 % | 82.7 % | 80.9 % | 72.3 % | 65.4 % |
Gearing | 18.6 % | 17.1 % | 20.4 % | 35.0 % | 52.1 % |
Relative net indebtedness % | 151.3 % | 137.4 % | 175.2 % | 279.6 % | 296.0 % |
Liquidity | |||||
Quick ratio | 4.4 | 7.4 | 1.1 | 0.6 | 0.0 |
Current ratio | 3.1 | 4.6 | 0.8 | 0.5 | 0.0 |
Cash and cash equivalents | |||||
Capital use efficiency | |||||
Trade debtors turnover (days) | 1.6 | 1.9 | |||
Net working capital % | 73.7 % | 56.9 % | -6.7 % | -25.9 % | -102.9 % |
Credit risk | |||||
Credit rating | AA | AA | A | A | A |
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