SØREN HVITVED HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About SØREN HVITVED HOLDING ApS
SØREN HVITVED HOLDING ApS (CVR number: 29791562) is a company from RUDERSDAL. The company reported a net sales of 2.5 mDKK in 2023, demonstrating a growth of 564.4 % compared to the previous year. The operating profit percentage was at 92.9 % (EBIT: 2.4 mDKK), while net earnings were 2458.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 24.9 %, which can be considered excellent and Return on Equity (ROE) was 40.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 65.2 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. SØREN HVITVED HOLDING ApS's liquidity measured by quick ratio was 1.3 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 320.67 | 906.56 | 794.33 | 383.50 | 2 547.85 |
Gross profit | 799.78 | 1 395.96 | 1 306.94 | 871.83 | 2 747.07 |
EBIT | 612.22 | 1 229.11 | 740.07 | 752.26 | 2 367.41 |
Net earnings | 387.48 | 1 072.76 | 829.35 | 277.19 | 2 458.25 |
Shareholders equity total | 2 870.16 | 3 887.62 | 4 660.47 | 4 880.45 | 7 279.80 |
Balance sheet total (assets) | 7 472.06 | 8 703.69 | 9 461.69 | 9 755.68 | 11 160.86 |
Net debt | 3 635.12 | 2 880.53 | 2 394.42 | 1 962.30 | 2 307.64 |
Profitability | |||||
EBIT-% | 190.9 % | 135.6 % | 93.2 % | 196.2 % | 92.9 % |
ROA | 8.9 % | 15.9 % | 10.7 % | 8.9 % | 24.9 % |
ROE | 14.3 % | 31.7 % | 19.4 % | 5.8 % | 40.4 % |
ROI | 8.9 % | 16.0 % | 10.8 % | 9.0 % | 25.1 % |
Economic value added (EVA) | 429.52 | 1 030.85 | 594.71 | 647.57 | 2 317.92 |
Solvency | |||||
Equity ratio | 38.4 % | 44.7 % | 49.3 % | 50.0 % | 65.2 % |
Gearing | 156.7 % | 120.2 % | 101.0 % | 97.2 % | 50.5 % |
Relative net indebtedness % | 1166.2 % | 333.6 % | 313.5 % | 545.9 % | 98.5 % |
Liquidity | |||||
Quick ratio | 0.7 | 1.0 | 1.1 | 1.3 | 1.3 |
Current ratio | 0.7 | 1.0 | 1.1 | 1.3 | 1.3 |
Cash and cash equivalents | 862.12 | 1 792.19 | 2 310.86 | 2 781.76 | 1 372.29 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 11.4 | 4.6 | |||
Net working capital % | -416.1 % | -95.7 % | -139.8 % | -135.1 % | -34.7 % |
Credit risk | |||||
Credit rating | A | AA | AA | A | A |
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