Helbing Advokatanpartsselskab — Credit Rating and Financial Key Figures

CVR number: 40857567
Hunderupvej 59, 5000 Odense C

Credit rating

Company information

Official name
Helbing Advokatanpartsselskab
Established
2019
Company form
Private limited company
Industry

About Helbing Advokatanpartsselskab

Helbing Advokatanpartsselskab (CVR number: 40857567) is a company from ODENSE. The company reported a net sales of -0 mDKK in 2023, demonstrating a growth of -75.2 % compared to the previous year. The operating profit percentage was poor at 0 % (EBIT: -0 mDKK), while net earnings were -77.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.7 %, which can be considered poor and Return on Equity (ROE) was -8.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 20.4 %, 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. Helbing Advokatanpartsselskab's liquidity measured by quick ratio was 0 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
2019
2020
2021
2022
2023
Volume
Net sales1 680.511 314.99253.17-92.56-22.91
Gross profit1 676.511 307.19251.74-96.75-27.29
EBIT1 676.511 307.19251.74-96.75-27.29
Net earnings1 677.411 268.36202.86- 142.61-77.52
Shareholders equity total7 277.413 847.341 554.42975.81807.94
Balance sheet total (assets)7 502.256 916.134 795.804 256.643 963.56
Net debt2 660.862 941.433 275.363 151.63
Profitability
EBIT-%99.8 %99.4 %99.4 %
ROA22.3 %18.1 %4.3 %-2.1 %-0.7 %
ROE23.0 %22.8 %7.5 %-11.3 %-8.7 %
ROI23.0 %18.8 %4.4 %-2.2 %-0.7 %
Economic value added (EVA)1 677.411 321.07423.5368.25127.45
Solvency
Equity ratio97.0 %55.6 %32.4 %22.9 %20.4 %
Gearing73.2 %200.7 %335.8 %390.1 %
Relative net indebtedness %13.4 %221.5 %1209.7 %-3543.2 %-13772.8 %
Liquidity
Quick ratio1.00.10.10.10.0
Current ratio1.00.10.10.10.0
Cash and cash equivalents156.54178.681.39
Capital use efficiency
Trade debtors turnover (days)
Net working capital %-0.2 %-219.4 %-1157.8 %3221.1 %13250.3 %
Credit risk
Credit ratingAAABBBBBB

Variable visualization

ROA:-0.66%
Rating: 19/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:20.4%
Rating: 19/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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