HERNING MASSIVTRÆ A/S — Credit Rating and Financial Key Figures

CVR number: 25449363
Cedervej 6, 7400 Herning
tel: 97123066

Credit rating

Company information

Official name
HERNING MASSIVTRÆ A/S
Personnel
17 persons
Established
2000
Company form
Limited company
Industry
  • Expand more icon16Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

About HERNING MASSIVTRÆ A/S

HERNING MASSIVTRÆ A/S (CVR number: 25449363) is a company from HERNING. The company recorded a gross profit of 7646.4 kDKK in 2023. The operating profit was 1817.4 kDKK, while net earnings were 1057 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.9 %, which can be considered decent but Return on Equity (ROE) was 8.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 49.6 %, 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. HERNING MASSIVTRÆ A/S's liquidity measured by quick ratio was 0.5 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit7 592.848 437.1910 477.8911 907.147 646.42
EBIT2 562.444 325.345 623.576 454.301 817.44
Net earnings1 553.313 170.744 308.464 837.231 056.99
Shareholders equity total8 717.4011 388.1312 946.6013 583.8311 140.82
Balance sheet total (assets)23 729.2318 328.1818 458.4223 708.7422 478.14
Net debt11 911.144 158.831 780.314 377.796 314.68
Profitability
EBIT-%
ROA10.6 %20.6 %30.7 %30.6 %7.9 %
ROE18.4 %31.5 %35.4 %36.5 %8.6 %
ROI12.2 %23.8 %36.5 %36.2 %9.1 %
Economic value added (EVA)1 508.312 798.293 713.524 330.23660.33
Solvency
Equity ratio36.7 %62.1 %70.1 %57.3 %49.6 %
Gearing136.6 %36.5 %16.4 %32.2 %56.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.30.70.90.70.5
Current ratio1.63.13.82.72.0
Cash and cash equivalents0.590.52344.620.500.38
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:7.87%
Rating: 51/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:49.6%
Rating: 40/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member

Companies in the same industry

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