Hornskov ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Hornskov ApS
Hornskov ApS (CVR number: 36689676) is a company from SORØ. The company reported a net sales of 1.8 mDKK in 2023, demonstrating a growth of 17.3 % compared to the previous year. The operating profit percentage was at 4.6 % (EBIT: 0.1 mDKK), while net earnings were 35 kDKK. The profitability of the company measured by Return on Assets (ROA) was 26.4 %, which can be considered excellent and Return on Equity (ROE) was 15.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 64.9 %, 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. Hornskov ApS's liquidity measured by quick ratio was 0.8 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 597.79 | 1 041.17 | 796.83 | 1 540.85 | 1 806.87 |
Gross profit | 155.66 | 255.74 | 144.65 | 542.18 | 659.45 |
EBIT | 71.81 | 119.10 | 2.20 | 40.24 | 83.05 |
Net earnings | 93.11 | -19.12 | 33.92 | 35.05 | |
Shareholders equity total | -34.54 | 183.57 | 161.00 | 217.69 | 237.61 |
Balance sheet total (assets) | 264.79 | 240.53 | 206.53 | 263.50 | 365.96 |
Net debt | 185.79 | -28.28 | -1.57 | 11.70 | -39.19 |
Profitability | |||||
EBIT-% | 12.0 % | 11.4 % | 0.3 % | 2.6 % | 4.6 % |
ROA | 22.5 % | 44.1 % | 1.0 % | 17.1 % | 26.4 % |
ROE | 41.5 % | -11.1 % | 17.9 % | 15.4 % | |
ROI | 28.5 % | 59.6 % | 1.3 % | 20.6 % | 31.3 % |
Economic value added (EVA) | 56.28 | 97.66 | -5.61 | 28.36 | 73.99 |
Solvency | |||||
Equity ratio | -11.5 % | 76.3 % | 78.0 % | 82.6 % | 64.9 % |
Gearing | -626.5 % | 0.4 % | 5.4 % | 26.6 % | |
Relative net indebtedness % | 45.0 % | 2.8 % | 5.4 % | 3.0 % | 1.4 % |
Liquidity | |||||
Quick ratio | 0.2 | 0.5 | 0.1 | 0.8 | |
Current ratio | 0.8 | 3.6 | 3.9 | 5.2 | 2.6 |
Cash and cash equivalents | 30.58 | 28.28 | 2.30 | 102.46 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | 0.9 | ||||
Net working capital % | -12.5 % | 14.5 % | 16.8 % | 12.4 % | 11.6 % |
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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