KEN HEDDINGE ApS — Credit Rating and Financial Key Figures

CVR number: 32885535
Junker Ruds Vej 1, 4750 Lundby

Credit rating

Company information

Official name
KEN HEDDINGE ApS
Established
2010
Company form
Private limited company
Industry

About KEN HEDDINGE ApS

KEN HEDDINGE ApS (CVR number: 32885535) is a company from VORDINGBORG. The company recorded a gross profit of 425.6 kDKK in 2023. The operating profit was 1273.2 kDKK, while net earnings were 1311.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.5 %, which can be considered good but Return on Equity (ROE) was 51.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 14.9 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. KEN HEDDINGE ApS's liquidity measured by quick ratio was 2.6 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit380.74437.16349.77204.15425.58
EBIT361.80490.2270.60432.871 273.17
Net earnings181.57286.69-66.04- 107.511 311.59
Shareholders equity total1 774.602 061.291 995.251 887.743 199.33
Balance sheet total (assets)6 418.2614 851.0014 511.2320 717.3121 525.74
Net debt2 370.782 055.541 919.752 422.411 534.24
Profitability
EBIT-%
ROA5.7 %4.6 %0.5 %2.5 %11.5 %
ROE10.8 %14.9 %-3.3 %-5.5 %51.6 %
ROI7.6 %5.5 %0.5 %3.6 %21.3 %
Economic value added (EVA)89.02189.89- 136.09170.63805.42
Solvency
Equity ratio27.6 %13.9 %13.7 %9.1 %14.9 %
Gearing151.4 %123.0 %121.7 %466.5 %244.8 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.30.33.12.6
Current ratio0.20.30.33.12.6
Cash and cash equivalents315.13479.08509.116 383.006 297.89
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAABBBBBBBBB

Variable visualization

ROA:11.5%
Rating: 61/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:14.9%
Rating: 14/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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