ERHVERVSINVESTERING HIMMERLAND K/S V/SPAREKASSEN HIMMERLAND — Credit Rating and Financial Key Figures

CVR number: 11507336
Markedsvej 5-7, 9600 Aars
mail@sparhim.dk
tel: 98621051

Credit rating

Company information

Official name
ERHVERVSINVESTERING HIMMERLAND K/S V/SPAREKASSEN HIMMERLAND
Established
1987
Company form
Limited partnership
Industry

About ERHVERVSINVESTERING HIMMERLAND K/S V/SPAREKASSEN HIMMERLAND

ERHVERVSINVESTERING HIMMERLAND K/S V/SPAREKASSEN HIMMERLAND (CVR number: 11507336) is a company from VESTHIMMERLANDS. The company reported a net sales of 0.3 mDKK in 2024, demonstrating a decline of -6.1 % compared to the previous year. The operating profit percentage was poor at -56.2 % (EBIT: -0.2 mDKK), while net earnings were -169.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.8 %, which can be considered poor and Return on Equity (ROE) was -5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 71.9 %, 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. ERHVERVSINVESTERING HIMMERLAND K/S V/SPAREKASSEN HIMMERLAND's liquidity measured by quick ratio was 0.4 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
2020
2021
2022
2023
2024
Volume
Net sales347.56309.16330.65317.00297.63
Gross profit303.00257.72115.16117.09- 167.18
EBIT150.24-83.78115.16117.09- 167.18
Net earnings140.16-86.02112.98117.32- 169.33
Shareholders equity total3 357.153 271.133 384.113 501.423 332.10
Balance sheet total (assets)4 077.913 891.893 960.814 093.104 632.08
Net debt- 253.95- 278.55- 253.60- 579.57229.92
Profitability
EBIT-%43.2 %-27.1 %34.8 %36.9 %-56.2 %
ROA3.8 %-2.1 %2.9 %2.9 %-3.8 %
ROE4.2 %-2.6 %3.4 %3.4 %-5.0 %
ROI4.1 %-2.3 %3.1 %3.1 %-4.3 %
Economic value added (EVA)150.24- 272.57-69.31-73.06- 363.23
Solvency
Equity ratio82.3 %84.0 %85.4 %85.5 %71.9 %
Gearing6.9 %
Relative net indebtedness %19.2 %-18.7 %-23.3 %-122.4 %302.1 %
Liquidity
Quick ratio1.52.23.23.60.4
Current ratio1.52.23.23.60.4
Cash and cash equivalents253.95278.55253.60579.570.87
Capital use efficiency
Trade debtors turnover (days)
Net working capital %45.2 %82.8 %116.2 %158.2 %-185.8 %
Credit risk
Credit ratingABBBAABBB

Variable visualization

ROA:-3.83%
Rating: 16/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:71.9%
Rating: 54/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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