Hørby Østergaard Stål A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Hørby Østergaard Stål A/S
Hørby Østergaard Stål A/S (CVR number: 25504909) is a company from MARIAGERFJORD. The company recorded a gross profit of -112.3 kDKK in 2024. The operating profit was -1314.1 kDKK, while net earnings were -1327.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -28.8 %, which can be considered poor and Return on Equity (ROE) was -47.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 67.4 %, 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. Hørby Østergaard Stål A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 330.00 | 377.00 | 437.43 | 283.64 | - 112.29 |
| EBIT | 98.00 | 64.00 | 53.51 | - 374.01 | -1 314.10 |
| Net earnings | 91.00 | 58.00 | 26.34 | - 105.86 | -1 327.69 |
| Shareholders equity total | 2 452.00 | 2 510.00 | 883.96 | 1 468.10 | 4 140.42 |
| Balance sheet total (assets) | 4 214.00 | 4 518.00 | 3 070.38 | 2 821.16 | 6 146.80 |
| Net debt | 61.00 | 300.00 | 383.69 | 1 167.02 | 1 532.83 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 2.3 % | 1.5 % | 1.4 % | -12.7 % | -28.8 % |
| ROE | 3.8 % | 2.3 % | 1.6 % | -9.0 % | -47.3 % |
| ROI | 4.0 % | 2.4 % | 2.6 % | -19.1 % | -32.2 % |
| Economic value added (EVA) | -23.77 | -62.93 | -87.80 | - 329.90 | -1 378.42 |
| Solvency | |||||
| Equity ratio | 58.2 % | 55.6 % | 28.8 % | 52.0 % | 67.4 % |
| Gearing | 3.0 % | 12.0 % | 44.9 % | 79.5 % | 37.0 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.3 | 0.3 | 0.3 | 0.6 | 0.6 |
| Current ratio | 1.3 | 1.2 | 0.6 | 1.1 | 2.1 |
| Cash and cash equivalents | 13.00 | 2.00 | 12.93 | ||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BB | BBB | BB |
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