H.C. FORMSPÆND ApS — Credit Rating and Financial Key Figures

CVR number: 12983433
Vejrup Storegade 5, Vejrup 6740 Bramming
tel: 75190267

Credit rating

Company information

Official name
H.C. FORMSPÆND ApS
Established
1989
Domicile
Vejrup
Company form
Private limited company
Industry

About H.C. FORMSPÆND ApS

H.C. FORMSPÆND ApS (CVR number: 12983433) is a company from ESBJERG. The company recorded a gross profit of -13.6 kDKK in 2023. The operating profit was -13.6 kDKK, while net earnings were 560.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 33.3 %, which can be considered excellent and Return on Equity (ROE) was 27.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 91.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. H.C. FORMSPÆND ApS's liquidity measured by quick ratio was 11.9 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 profit-14.00-15.00-14.00-22.00-13.58
EBIT-14.00-15.00-14.00-22.00-13.58
Net earnings371.00223.001 311.00- 278.00560.64
Shareholders equity total1 933.002 156.003 467.001 790.002 232.93
Balance sheet total (assets)2 158.002 354.003 941.001 906.002 438.10
Net debt-1 948.00-2 219.00-3 835.00-1 713.00-2 294.38
Profitability
EBIT-%
ROA24.5 %12.7 %53.5 %7.5 %33.3 %
ROE21.2 %10.9 %46.6 %-10.6 %27.9 %
ROI24.7 %12.9 %57.4 %8.0 %33.8 %
Economic value added (EVA)- 100.48- 118.88- 126.04- 196.72- 105.87
Solvency
Equity ratio89.6 %91.6 %88.0 %93.9 %91.6 %
Gearing10.3 %6.3 %3.1 %5.9 %6.4 %
Relative net indebtedness %
Liquidity
Quick ratio9.611.98.316.411.9
Current ratio9.611.98.316.411.9
Cash and cash equivalents2 148.002 354.003 941.001 819.002 438.10
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:33.3%
Rating: 85/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:91.6%
Rating: 72/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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