HOFOR FJERNKØLING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About HOFOR FJERNKØLING A/S
HOFOR FJERNKØLING A/S (CVR number: 31417449) is a company from KØBENHAVN. The company reported a net sales of 107.2 mDKK in 2024, demonstrating a decline of -1.7 % compared to the previous year. The operating profit percentage was at 40.1 % (EBIT: 42.9 mDKK), while net earnings were 23.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4.9 %, which can be considered decent but Return on Equity (ROE) was 9.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 28.6 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. HOFOR FJERNKØLING A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 66.00 | 72.66 | 87.58 | 109.04 | 107.20 |
Gross profit | 38.98 | 41.50 | 45.86 | 75.25 | 70.65 |
EBIT | 19.13 | 14.24 | 21.20 | 49.63 | 42.94 |
Net earnings | 12.30 | 8.35 | 24.82 | 26.78 | 23.17 |
Shareholders equity total | 153.04 | 166.49 | 212.22 | 230.49 | 250.21 |
Balance sheet total (assets) | 776.13 | 770.49 | 863.84 | 875.69 | 874.87 |
Net debt | 350.64 | 339.47 | 415.12 | 418.44 | 399.67 |
Profitability | |||||
EBIT-% | 29.0 % | 19.6 % | 24.2 % | 45.5 % | 40.1 % |
ROA | 2.6 % | 1.9 % | 2.6 % | 5.7 % | 4.9 % |
ROE | 8.3 % | 5.2 % | 13.1 % | 12.1 % | 9.6 % |
ROI | 3.9 % | 2.8 % | 3.7 % | 7.7 % | 6.4 % |
Economic value added (EVA) | -9.23 | -15.23 | -11.03 | 3.87 | 0.00 |
Solvency | |||||
Equity ratio | 19.7 % | 21.6 % | 24.6 % | 26.3 % | 28.6 % |
Gearing | 229.1 % | 203.9 % | 195.6 % | 181.5 % | 159.7 % |
Relative net indebtedness % | 913.3 % | 813.4 % | 732.0 % | 574.8 % | 560.4 % |
Liquidity | |||||
Quick ratio | 0.3 | 0.5 | 0.4 | 0.7 | 0.6 |
Current ratio | 0.3 | 0.5 | 0.4 | 0.7 | 0.6 |
Cash and cash equivalents | |||||
Capital use efficiency | |||||
Trade debtors turnover (days) | 115.6 | 90.4 | 63.9 | 124.4 | 54.5 |
Net working capital % | -234.4 % | -106.0 % | -142.1 % | -34.8 % | -52.7 % |
Credit risk | |||||
Credit rating | AA | AA | AAA | AAA | AAA |
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