HC PACKAGING EUROPE APS
Credit rating
Company information
About HC PACKAGING EUROPE APS
HC PACKAGING EUROPE APS (CVR number: 40002529) is a company from KØBENHAVN. The company recorded a gross profit of 2641.2 kDKK in 2023. The operating profit was 137.7 kDKK, while net earnings were -122.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.7 %, which can be considered decent but Return on Equity (ROE) was -3.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 33.6 %, 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. HC PACKAGING EUROPE APS'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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 4 510.94 | 5 319.85 | 5 512.73 | 3 970.99 | 2 641.18 |
EBIT | 2 514.55 | 3 185.46 | 3 038.17 | 948.25 | 137.74 |
Net earnings | 1 606.18 | 2 490.30 | 2 179.90 | 727.48 | - 122.33 |
Shareholders equity total | 1 656.18 | 4 146.49 | 4 826.39 | 4 553.86 | 3 131.53 |
Balance sheet total (assets) | 10 777.51 | 13 357.94 | 15 510.13 | 6 385.20 | 9 321.97 |
Net debt | 6 733.23 | 4 759.00 | 5 130.25 | - 294.24 | 5 128.90 |
Profitability | |||||
EBIT-% | |||||
ROA | 24.1 % | 31.2 % | 22.9 % | 15.7 % | 5.7 % |
ROE | 97.0 % | 85.8 % | 48.6 % | 15.5 % | -3.2 % |
ROI | 29.4 % | 42.2 % | 34.7 % | 23.4 % | 6.8 % |
Economic value added (EVA) | 1 957.70 | 2 401.46 | 2 155.15 | 487.90 | - 123.02 |
Solvency | |||||
Equity ratio | 15.4 % | 31.0 % | 31.1 % | 71.3 % | 33.6 % |
Gearing | 406.6 % | 117.6 % | 107.9 % | 2.4 % | 170.3 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.8 | 1.0 | 1.0 | 3.1 | 1.3 |
Current ratio | 1.2 | 1.4 | 1.4 | 3.4 | 1.5 |
Cash and cash equivalents | 117.77 | 75.23 | 401.31 | 205.11 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BB |
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