Hoei Denmark A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Hoei Denmark A/S
Hoei Denmark A/S (CVR number: 40736166) is a company from FAVRSKOV. The company recorded a gross profit of 4648.4 kDKK in 2024. The operating profit was -513.4 kDKK, while net earnings were -566.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -5.2 %, which can be considered poor and Return on Equity (ROE) was -20 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 28.5 %, 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. Hoei Denmark A/S'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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 6 649.21 | 7 165.27 | 3 808.51 | 3 779.46 | 4 648.38 |
| EBIT | 2 065.64 | 2 542.76 | - 738.36 | -1 131.34 | - 513.36 |
| Net earnings | 1 624.30 | 1 897.80 | - 650.07 | -1 267.49 | - 566.76 |
| Shareholders equity total | 3 136.84 | 5 034.64 | 4 384.57 | 3 117.09 | 2 550.33 |
| Balance sheet total (assets) | 10 045.71 | 11 041.04 | 10 050.17 | 10 728.21 | 8 949.26 |
| Net debt | 324.48 | 382.69 | 145.20 | 2 552.18 | 2 586.14 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 20.9 % | 24.2 % | -7.0 % | -10.9 % | -5.2 % |
| ROE | 51.8 % | 46.4 % | -13.8 % | -33.8 % | -20.0 % |
| ROI | 29.4 % | 40.4 % | -13.6 % | -20.5 % | -9.3 % |
| Economic value added (EVA) | 1 610.71 | 1 805.24 | - 851.43 | -1 390.52 | - 678.74 |
| Solvency | |||||
| Equity ratio | 31.2 % | 45.6 % | 43.6 % | 29.1 % | 28.5 % |
| Gearing | 12.8 % | 7.9 % | 20.1 % | 84.3 % | 105.7 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.2 | 1.2 | 1.5 | 0.7 | 0.7 |
| Current ratio | 2.9 | 3.7 | 3.2 | 1.8 | 1.8 |
| Cash and cash equivalents | 75.52 | 17.32 | 737.79 | 76.41 | 109.91 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BBB |
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