HØRKRAM FOODSERVICE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About HØRKRAM FOODSERVICE A/S
HØRKRAM FOODSERVICE A/S (CVR number: 85500716) is a company from SORØ. The company reported a net sales of 4659.9 mDKK in 2023, demonstrating a growth of 8.8 % compared to the previous year. The operating profit percentage was at 5.7 % (EBIT: 267.1 mDKK), while net earnings were 214.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 21.2 %, which can be considered excellent and Return on Equity (ROE) was 19.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 86.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. HØRKRAM FOODSERVICE A/S's liquidity measured by quick ratio was 5.2 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 3 506.05 | 2 922.11 | 3 141.79 | 4 281.49 | 4 659.93 |
Gross profit | 665.21 | 576.36 | 695.57 | 850.09 | 933.71 |
EBIT | 141.13 | 23.26 | 142.45 | 220.97 | 267.07 |
Net earnings | 107.53 | 17.62 | 110.40 | 174.09 | 214.43 |
Shareholders equity total | 699.25 | 716.87 | 827.27 | 1 001.36 | 1 215.79 |
Balance sheet total (assets) | 1 052.34 | 1 059.31 | 1 162.03 | 1 207.02 | 1 404.82 |
Net debt | 8.46 | -51.76 | -31.94 | - 162.20 | - 231.14 |
Profitability | |||||
EBIT-% | 4.0 % | 0.8 % | 4.5 % | 5.2 % | 5.7 % |
ROA | 15.2 % | 2.6 % | 13.0 % | 19.2 % | 21.2 % |
ROE | 16.7 % | 2.5 % | 14.3 % | 19.0 % | 19.3 % |
ROI | 20.1 % | 3.2 % | 17.5 % | 23.8 % | 24.2 % |
Economic value added (EVA) | 81.65 | -15.26 | 80.90 | 133.68 | 168.04 |
Solvency | |||||
Equity ratio | 66.4 % | 67.7 % | 71.2 % | 83.0 % | 86.5 % |
Gearing | 3.7 % | 8.4 % | 2.9 % | 3.2 % | 1.9 % |
Relative net indebtedness % | 9.2 % | 7.5 % | 8.5 % | 0.0 % | -1.6 % |
Liquidity | |||||
Quick ratio | 1.9 | 2.0 | 2.3 | 3.7 | 5.2 |
Current ratio | 2.4 | 2.5 | 3.0 | 5.1 | 6.6 |
Cash and cash equivalents | 17.13 | 111.96 | 56.16 | 194.25 | 253.74 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 45.7 | 32.8 | 43.1 | 41.3 | 39.5 |
Net working capital % | 13.5 % | 17.3 % | 20.2 % | 18.7 % | 21.5 % |
Credit risk | |||||
Credit rating | AA | AA | AA | A | A |
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