Heartland Estate ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Heartland Estate ApS
Heartland Estate ApS (CVR number: 39718138K) is a company from KØBENHAVN. The company reported a net sales of 3.8 mDKK in 2024, demonstrating a growth of 12.5 % compared to the previous year. The operating profit percentage was at 74.2 % (EBIT: 2.8 mDKK), while net earnings were 254.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.5 %, which can be considered weak and Return on Equity (ROE) was 1.5 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 22.7 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Heartland Estate ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 051.62 | 1 742.82 | 2 264.75 | 3 340.17 | 3 758.18 |
Gross profit | -1 014.54 | 1 296.11 | 941.36 | -1 710.67 | 2 069.21 |
EBIT | 985.46 | 1 295.41 | 4 025.46 | 2 710.20 | 2 788.31 |
Net earnings | 246.00 | 751.30 | 2 840.99 | 2 802.02 | 254.83 |
Shareholders equity total | 11 048.50 | 11 799.81 | 14 640.79 | 17 442.82 | 17 697.65 |
Balance sheet total (assets) | 32 795.00 | 38 876.42 | 69 870.74 | 78 885.52 | 78 970.82 |
Net debt | 19 373.57 | 20 335.70 | 51 404.36 | 56 198.08 | 56 756.18 |
Profitability | |||||
EBIT-% | 93.7 % | 74.3 % | 177.7 % | 81.1 % | 74.2 % |
ROA | 3.0 % | 4.0 % | 8.8 % | 7.0 % | 3.5 % |
ROE | 2.2 % | 6.6 % | 21.5 % | 17.5 % | 1.5 % |
ROI | 3.1 % | 4.1 % | 8.9 % | 7.2 % | 3.6 % |
Economic value added (EVA) | 673.56 | - 556.00 | 1 221.11 | - 864.03 | -1 840.59 |
Solvency | |||||
Equity ratio | 33.8 % | 30.5 % | 21.1 % | 22.4 % | 22.7 % |
Gearing | 177.2 % | 210.3 % | 351.7 % | 327.1 % | 321.0 % |
Relative net indebtedness % | 1930.4 % | 1216.9 % | 2340.1 % | 1741.7 % | 1562.5 % |
Liquidity | |||||
Quick ratio | 0.1 | 1.6 | 0.3 | 0.7 | 0.7 |
Current ratio | 0.1 | 1.6 | 0.2 | 0.6 | 0.6 |
Cash and cash equivalents | 205.15 | 4 475.92 | 93.24 | 860.27 | 49.93 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 12.8 | 13.2 | 15.4 | 47.2 | 51.7 |
Net working capital % | -346.0 % | 118.5 % | -831.3 % | -188.5 % | -154.9 % |
Credit risk | |||||
Credit rating | A | A | AA | A | A |
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