HARRINGTON HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About HARRINGTON HOLDING ApS
HARRINGTON HOLDING ApS (CVR number: 35873996) is a company from KØBENHAVN. The company recorded a gross profit of -16.2 kDKK in 2024. The operating profit was -16.2 kDKK, while net earnings were 83.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14 %, which can be considered good but Return on Equity (ROE) was 36.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 42.5 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. HARRINGTON HOLDING ApS's liquidity measured by quick ratio was 25.9 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 | -6.88 | -7.31 | -7.38 | -0.79 | -16.22 |
| EBIT | -6.88 | -7.31 | -7.38 | -0.79 | -16.22 |
| Net earnings | -6.88 | -8.23 | 92.40 | 98.34 | 83.53 |
| Shareholders equity total | 7.38 | -0.84 | 91.56 | 189.90 | 273.44 |
| Balance sheet total (assets) | 370.51 | 361.10 | 460.88 | 551.85 | 643.04 |
| Net debt | 179.49 | 248.93 | 252.24 | 270.08 | 28.89 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -1.9 % | -2.0 % | 22.5 % | 19.6 % | 14.0 % |
| ROE | -63.5 % | -4.5 % | 40.8 % | 69.9 % | 36.1 % |
| ROI | -1.9 % | -2.1 % | 23.1 % | 20.1 % | 14.4 % |
| Economic value added (EVA) | -25.18 | -25.27 | -25.17 | -23.23 | -43.35 |
| Solvency | |||||
| Equity ratio | 2.0 % | -0.2 % | 19.9 % | 34.4 % | 42.5 % |
| Gearing | 4739.3 % | -42055.1 % | 387.7 % | 184.3 % | 128.0 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.6 | 31.6 | 22.3 | 34.9 | 25.9 |
| Current ratio | 0.6 | 31.6 | 22.3 | 34.9 | 25.9 |
| Cash and cash equivalents | 170.51 | 106.02 | 102.70 | 79.92 | 321.11 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BB | BBB | BBB | BBB |
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