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HOFFMANN A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About HOFFMANN A/S
HOFFMANN A/S (CVR number: 63030228) is a company from ALBERTSLUND. The company reported a net sales of 1675.9 mDKK in 2018, demonstrating a decline of -0.7 % compared to the previous year. The operating profit percentage was at 5.2 % (EBIT: 87.6 mDKK), while net earnings were 86.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9.9 %, which can be considered good but Return on Equity (ROE) was 31.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 27.2 %, 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. HOFFMANN A/S's liquidity measured by quick ratio was 1.4 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 1 619.56 | 1 338.43 | 1 334.86 | 1 686.84 | 1 675.86 |
| Gross profit | 1 623.79 | 142.91 | 159.54 | 1 687.93 | 1 681.31 |
| EBIT | 62.50 | 74.81 | 79.50 | 91.66 | 87.56 |
| Net earnings | 71.61 | 60.53 | 60.38 | 58.46 | 86.73 |
| Shareholders equity total | 224.86 | 255.77 | 249.23 | 305.61 | |
| Balance sheet total (assets) | 873.02 | 0.08 | 925.58 | 899.41 | 1 124.79 |
| Net debt | -0.16 | -0.08 | -0.69 | -0.05 | 77.63 |
| Profitability | |||||
| EBIT-% | 3.9 % | 5.6 % | 6.0 % | 5.4 % | 5.2 % |
| ROA | 8.9 % | 18.2 % | 16.6 % | 8.5 % | 9.9 % |
| ROE | 33.1 % | 53.8 % | 47.2 % | 23.2 % | 31.3 % |
| ROI | 7.0 % | 14.5 % | 36.4 % | 18.8 % | 22.0 % |
| Economic value added (EVA) | 37.83 | 31.15 | 63.74 | 60.76 | 54.54 |
| Solvency | |||||
| Equity ratio | 30.3 % | 27.6 % | 27.7 % | 27.2 % | |
| Gearing | 0.0 % | 0.0 % | 25.4 % | ||
| Relative net indebtedness % | -13.9 % | -0.0 % | 50.1 % | 38.5 % | 48.9 % |
| Liquidity | |||||
| Quick ratio | -3.5 | 1.6 | 1.6 | 1.4 | |
| Current ratio | -3.6 | 1.6 | 1.6 | 1.4 | |
| Cash and cash equivalents | 0.16 | 0.08 | 0.73 | 0.08 | 0.10 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 71.7 | 56.9 | 71.2 | ||
| Net working capital % | 63.2 % | 0.0 % | 21.8 % | 17.1 % | 17.5 % |
| Credit risk | |||||
| Credit rating | BBB | BB | BB | BBB | BBB |
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