HEART OF DENMARK ApS — Credit Rating and Financial Key Figures

CVR number: 32777058
Københavnsvej 19 C, 3550 Slangerup

Credit rating

Company information

Official name
HEART OF DENMARK ApS
Personnel
2 persons
Established
2010
Company form
Private limited company
Industry

About HEART OF DENMARK ApS

HEART OF DENMARK ApS (CVR number: 32777058) is a company from FREDERIKSSUND. The company recorded a gross profit of 139 kDKK in 2023. The operating profit was 28.2 kDKK, while net earnings were -168.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.5 %, which can be considered weak but Return on Equity (ROE) was -7.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 86.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. HEART OF DENMARK ApS's liquidity measured by quick ratio was 1.9 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit106.6911.95433.72244.45138.97
EBIT- 644.53- 498.43181.82236.0028.21
Net earnings- 463.56-34.37- 177.0719.18- 168.50
Shareholders equity total2 648.632 614.262 437.192 396.372 167.88
Balance sheet total (assets)2 971.193 065.732 777.932 746.982 497.91
Net debt-1 093.09- 954.24- 714.82- 614.38- 388.90
Profitability
EBIT-%
ROA-14.2 %-0.7 %6.5 %8.8 %1.5 %
ROE-16.1 %-1.3 %-7.0 %0.8 %-7.4 %
ROI-14.8 %-0.7 %6.9 %9.1 %1.6 %
Economic value added (EVA)- 714.45- 567.48111.70190.08-47.05
Solvency
Equity ratio89.1 %85.3 %87.7 %87.2 %86.8 %
Gearing6.8 %8.3 %10.5 %11.9 %11.2 %
Relative net indebtedness %
Liquidity
Quick ratio4.43.43.52.71.9
Current ratio7.14.35.86.26.4
Cash and cash equivalents1 274.481 171.28971.07898.65631.90
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:1.51%
Rating: 28/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:86.8%
Rating: 67/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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