HØJEN BRUGSFORENING — Credit Rating and Financial Key Figures

CVR number: 45617319
Højen Kirkevej 1, 7100 Vejle
tel: 75863303

Credit rating

Company information

Official name
HØJEN BRUGSFORENING
Personnel
18 persons
Established
1999
Industry

About HØJEN BRUGSFORENING

HØJEN BRUGSFORENING (CVR number: 45617319) is a company from VEJLE. The company reported a net sales of 23.4 mDKK in 2023, demonstrating a decline of -4 % compared to the previous year. The operating profit percentage was poor at -0.8 % (EBIT: -0.2 mDKK), while net earnings were 40.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1 %, which can be considered weak and Return on Equity (ROE) was 0.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 73.2 %, 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. HØJEN BRUGSFORENING's liquidity measured by quick ratio was 0.3 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
2019
2020
2021
2022
2023
Volume
Net sales17 972.0018 553.0020 567.0024 329.5223 359.53
Gross profit1 979.002 157.001 940.001 021.482 060.33
EBIT1 979.002 157.001 940.00-1 253.58- 195.33
Net earnings-59.0055.00- 264.00- 853.6940.89
Shareholders equity total5 944.005 998.005 733.004 879.284 946.75
Balance sheet total (assets)6 540.006 845.006 714.006 486.476 759.63
Net debt-88.26- 253.14
Profitability
EBIT-%11.0 %11.6 %9.4 %-5.2 %-0.8 %
ROA30.3 %32.2 %28.6 %-15.0 %1.0 %
ROE-1.0 %0.9 %-4.5 %-16.1 %0.8 %
ROI30.3 %32.2 %28.6 %-17.1 %1.3 %
Economic value added (EVA)1 979.001 858.311 638.60-1 361.56- 431.06
Solvency
Equity ratio100.0 %100.0 %100.0 %75.2 %73.2 %
Gearing
Relative net indebtedness %6.2 %6.7 %
Liquidity
Quick ratio0.30.3
Current ratio1.11.2
Cash and cash equivalents88.26253.14
Capital use efficiency
Trade debtors turnover (days)0.50.4
Net working capital %0.8 %1.7 %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:0.98%
Rating: 25/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:73.2%
Rating: 55/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Chairman of the board
Board member

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