HØRVE MASKINHANDEL A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About HØRVE MASKINHANDEL A/S
HØRVE MASKINHANDEL A/S (CVR number: 25503082) is a company from ODSHERRED. The company recorded a gross profit of -7.5 kDKK in 2024. The operating profit was -7.5 kDKK, while net earnings were 57.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.5 %, which can be considered decent and Return on Equity (ROE) was 4.2 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 90.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. HØRVE MASKINHANDEL A/S's liquidity measured by quick ratio was 10.1 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 6 308.92 | 6 172.86 | 8 270.49 | 1 658.13 | -7.45 |
EBIT | 4 241.21 | 3 211.48 | 6 282.07 | 1 400.61 | -7.45 |
Net earnings | 3 043.11 | 2 374.76 | 4 759.76 | 1 162.34 | 57.38 |
Shareholders equity total | 3 793.11 | 3 124.76 | 5 509.76 | 1 912.34 | 807.38 |
Balance sheet total (assets) | 11 672.77 | 9 216.65 | 7 208.46 | 2 471.19 | 896.11 |
Net debt | 2 986.98 | 3 305.96 | - 796.97 | - 740.38 | -20.23 |
Profitability | |||||
EBIT-% | |||||
ROA | 33.3 % | 31.5 % | 76.9 % | 31.7 % | 4.5 % |
ROE | 87.3 % | 68.7 % | 110.2 % | 31.3 % | 4.2 % |
ROI | 40.2 % | 40.8 % | 96.6 % | 40.2 % | 5.5 % |
Economic value added (EVA) | 2 686.38 | 2 059.30 | 4 515.92 | 800.15 | - 103.51 |
Solvency | |||||
Equity ratio | 32.5 % | 33.9 % | 76.4 % | 77.4 % | 90.1 % |
Gearing | 130.2 % | 136.6 % | 1.8 % | 1.7 % | 4.1 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.3 | 0.3 | 4.0 | 4.4 | 10.1 |
Current ratio | 1.5 | 1.5 | 4.4 | 4.4 | 10.1 |
Cash and cash equivalents | 1 950.54 | 960.89 | 896.57 | 772.75 | 53.55 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | BBB | BBB | BB |
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