The Headwear Company A/S — Credit Rating and Financial Key Figures

CVR number: 78823917
Tulstrupvej 13, 7430 Ikast

Company information

Official name
The Headwear Company A/S
Personnel
6 persons
Established
1985
Company form
Limited company
Industry

About The Headwear Company A/S

The Headwear Company A/S (CVR number: 78823917) is a company from IKAST-BRANDE. The company recorded a gross profit of 1642.3 kDKK in 2024. The operating profit was -2671.9 kDKK, while net earnings were -3012.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -21.4 %, which can be considered poor and Return on Equity (ROE) was -30.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -32.6 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. The Headwear Company A/S's liquidity measured by quick ratio was 0.1 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit4 836.304 273.994 096.553 116.891 642.32
EBIT90.26-1 171.50-1 208.25-1 477.76-2 671.89
Net earnings1.18- 959.31-1 687.96-1 931.08-3 012.85
Shareholders equity total3 502.062 542.75854.79-1 076.29-4 089.14
Balance sheet total (assets)7 942.498 312.7816 040.5811 211.048 465.07
Net debt2 792.973 744.889 812.929 324.4211 821.09
Profitability
EBIT-%
ROA1.0 %-14.4 %-9.9 %-10.3 %-21.4 %
ROE0.0 %-31.7 %-99.4 %-32.0 %-30.6 %
ROI1.1 %-17.0 %-13.7 %-14.5 %-25.2 %
Economic value added (EVA)- 393.48-1 259.44-1 901.03-2 027.95-2 956.61
Solvency
Equity ratio44.1 %30.6 %5.3 %-8.8 %-32.6 %
Gearing92.1 %160.8 %1180.9 %-866.3 %-289.2 %
Relative net indebtedness %
Liquidity
Quick ratio0.50.40.20.10.1
Current ratio1.91.41.00.90.7
Cash and cash equivalents432.86344.01281.334.14
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:-21.4%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-32.6%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Chairman of the board

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