HASS OLSEN A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About HASS OLSEN A/S
HASS OLSEN A/S (CVR number: 26088291) is a company from SLAGELSE. The company recorded a gross profit of 1465.5 kDKK in 2022. The operating profit was -185.7 kDKK, while net earnings were -204.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -12.2 %, which can be considered poor and Return on Equity (ROE) was -32.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 36.5 %, 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. HASS OLSEN A/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 1 471.54 | 1 588.29 | 1 789.04 | 1 762.98 | 1 465.54 | 
| EBIT | - 213.86 | -62.12 | 97.51 | 118.11 | - 185.70 | 
| Net earnings | - 154.51 | -45.16 | 79.62 | 94.47 | - 204.06 | 
| Shareholders equity total | 594.68 | 549.51 | 629.13 | 723.61 | 519.55 | 
| Balance sheet total (assets) | 1 525.66 | 1 516.77 | 1 810.75 | 1 512.20 | 1 422.57 | 
| Net debt | -70.86 | - 160.23 | - 154.26 | -72.59 | -82.64 | 
| Profitability | |||||
| EBIT-% | |||||
| ROA | -10.2 % | -3.5 % | 6.4 % | 7.5 % | -12.2 % | 
| ROE | -23.0 % | -7.9 % | 13.5 % | 14.0 % | -32.8 % | 
| ROI | -25.0 % | -8.5 % | 16.7 % | 16.1 % | -23.6 % | 
| Economic value added (EVA) | - 185.63 | -72.01 | 56.37 | 68.26 | - 230.11 | 
| Solvency | |||||
| Equity ratio | 39.0 % | 36.2 % | 34.7 % | 47.9 % | 36.5 % | 
| Gearing | 9.3 % | 18.7 % | 27.1 % | ||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.5 | 1.4 | 1.4 | 1.6 | 1.3 | 
| Current ratio | 1.7 | 1.7 | 1.6 | 1.9 | 1.6 | 
| Cash and cash equivalents | 125.90 | 160.23 | 154.26 | 207.69 | 223.25 | 
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BB | BBB | BBB | 
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