HØRKRAM FOODSERVICE A/S — Credit Rating and Financial Key Figures

CVR number: 85500716
Centervej 1, 4180 Sorø
tel: 57870444

Credit rating

Company information

Official name
HØRKRAM FOODSERVICE A/S
Personnel
1269 persons
Established
1978
Company form
Limited company
Industry
  • Expand more icon46Wholesale trade, except of motor vehicles and motorcycles

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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales3 506.052 922.113 141.794 281.494 659.93
Gross profit665.21576.36695.57850.09933.71
EBIT141.1323.26142.45220.97267.07
Net earnings107.5317.62110.40174.09214.43
Shareholders equity total699.25716.87827.271 001.361 215.79
Balance sheet total (assets)1 052.341 059.311 162.031 207.021 404.82
Net debt8.46-51.76-31.94- 162.20- 231.14
Profitability
EBIT-%4.0 %0.8 %4.5 %5.2 %5.7 %
ROA15.2 %2.6 %13.0 %19.2 %21.2 %
ROE16.7 %2.5 %14.3 %19.0 %19.3 %
ROI20.1 %3.2 %17.5 %23.8 %24.2 %
Economic value added (EVA)81.65-15.2680.90133.68168.04
Solvency
Equity ratio66.4 %67.7 %71.2 %83.0 %86.5 %
Gearing3.7 %8.4 %2.9 %3.2 %1.9 %
Relative net indebtedness %9.2 %7.5 %8.5 %0.0 %-1.6 %
Liquidity
Quick ratio1.92.02.33.75.2
Current ratio2.42.53.05.16.6
Cash and cash equivalents17.13111.9656.16194.25253.74
Capital use efficiency
Trade debtors turnover (days)45.732.843.141.339.5
Net working capital %13.5 %17.3 %20.2 %18.7 %21.5 %
Credit risk
Credit ratingAAAAAAAA

Variable visualization

ROA:21.2%
Rating: 76/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:86.5%
Rating: 66/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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