Åvænget Retail Herning Øst A/S — Credit Rating and Financial Key Figures

CVR number: 40021426
Rolighedsvej 28, 7400 Herning
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Company information

Official name
Åvænget Retail Herning Øst A/S
Established
2018
Company form
Limited company
Industry

About Åvænget Retail Herning Øst A/S

Åvænget Retail Herning Øst A/S (CVR number: 40021426) is a company from HERNING. The company reported a net sales of 2.6 mDKK in 2024, demonstrating a growth of 2 % compared to the previous year. The operating profit percentage was at 99.4 % (EBIT: 2.5 mDKK), while net earnings were 1438.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.3 %, which can be considered decent and Return on Equity (ROE) was 7.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 53.6 %, 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. Åvænget Retail Herning Øst A/S's liquidity measured by quick ratio was 0.2 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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales2 279.002 339.002 432.002 513.002 563.00
Gross profit2 122.002 197.002 259.002 332.002 374.78
EBIT2 080.002 163.002 241.002 332.002 546.34
Net earnings1 409.001 583.001 586.001 256.001 438.08
Shareholders equity total14 798.0015 901.0017 007.0017 783.0018 740.88
Balance sheet total (assets)34 549.0034 547.0034 557.0034 559.0034 935.90
Net debt18 250.0017 251.0015 928.0015 026.0013 998.57
Profitability
EBIT-%91.3 %92.5 %92.1 %92.8 %99.4 %
ROA6.0 %6.3 %6.5 %6.8 %7.3 %
ROE9.8 %10.3 %9.6 %7.2 %7.9 %
ROI6.1 %6.4 %6.6 %6.9 %7.4 %
Economic value added (EVA)-86.54-6.0840.22110.35272.41
Solvency
Equity ratio42.8 %46.0 %49.2 %51.5 %53.6 %
Gearing123.3 %108.5 %93.7 %84.5 %75.8 %
Relative net indebtedness %839.3 %760.6 %677.5 %616.2 %563.7 %
Liquidity
Quick ratio0.00.00.00.00.2
Current ratio0.00.00.00.00.2
Cash and cash equivalents201.89
Capital use efficiency
Trade debtors turnover (days)7.45.97.8
Net working capital %-99.6 %-84.9 %-61.6 %-49.2 %-43.0 %
Credit risk
Credit ratingAAAAAAAAAA

Variable visualization

ROA:7.34%
Rating: 50/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:53.6%
Rating: 42/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board

Companies in the same industry

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