HERM. RASMUSSEN A/S — Credit Rating and Financial Key Figures

CVR number: 34990018
Stagehøjvej 17, 8600 Silkeborg
herm@herm.dk
tel: 87205333
www.herm.dk

Credit rating

Company information

Official name
HERM. RASMUSSEN A/S
Personnel
7 persons
Established
1955
Company form
Limited company
Industry

About HERM. RASMUSSEN A/S

HERM. RASMUSSEN A/S (CVR number: 34990018) is a company from SILKEBORG. The company reported a net sales of 17.3 mDKK in 2024, demonstrating a growth of 3 % compared to the previous year. The operating profit percentage was at 66.6 % (EBIT: 11.5 mDKK), while net earnings were 12.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6.1 %, which can be considered decent but Return on Equity (ROE) was 10.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 32.6 %, 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. HERM. RASMUSSEN 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 sales16 170.3216 339.8616 522.9716 748.1417 253.05
Gross profit14 685.4614 223.1015 055.5314 726.2815 960.71
EBIT10 772.649 287.559 628.5610 746.6911 496.24
Net earnings13 378.5921 375.3814 192.799 097.0912 384.38
Shareholders equity total77 808.8787 684.25101 877.04110 974.13120 358.51
Balance sheet total (assets)326 146.39339 131.23341 567.32352 681.87369 472.68
Net debt182 184.97189 634.59188 939.59191 953.60190 668.46
Profitability
EBIT-%66.6 %56.8 %58.3 %64.2 %66.6 %
ROA7.2 %8.6 %6.2 %6.0 %6.1 %
ROE18.2 %25.8 %15.0 %8.5 %10.7 %
ROI8.0 %9.4 %6.6 %6.2 %6.3 %
Economic value added (EVA)-3 733.43-2 886.39-3 614.16-2 116.28-2 070.70
Solvency
Equity ratio23.9 %25.9 %29.8 %31.5 %32.6 %
Gearing236.1 %216.5 %185.5 %173.0 %163.5 %
Relative net indebtedness %1319.6 %1312.8 %1236.6 %1216.3 %1177.8 %
Liquidity
Quick ratio0.10.00.10.00.2
Current ratio0.10.00.10.00.2
Cash and cash equivalents1 557.89239.3210.0414.006 125.93
Capital use efficiency
Trade debtors turnover (days)
Net working capital %-184.1 %-241.7 %-222.6 %-228.4 %-203.7 %
Credit risk
Credit ratingAAAAAAAAAAAAA

Variable visualization

ROA:6.08%
Rating: 46/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:32.6%
Rating: 28/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

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