GN HEARING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About GN HEARING A/S
GN HEARING A/S (CVR number: 55082715K) is a company from BALLERUP. The company reported a net sales of 4609.6 mDKK in 2023, demonstrating a growth of 8.4 % compared to the previous year. The operating profit percentage was at 6.6 % (EBIT: 303.1 mDKK), while net earnings were 381.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 10 %, which can be considered good and Return on Equity (ROE) was 10.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 65.7 %, 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. GN HEARING 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 3 722.70 | 2 627.38 | 3 554.53 | 4 250.68 | 4 609.59 |
Gross profit | 1 838.19 | 897.09 | 1 487.09 | 1 485.42 | 1 675.52 |
EBIT | 699.54 | - 304.12 | 115.82 | 172.54 | 303.08 |
Net earnings | - 298.77 | -90.86 | 110.61 | 542.73 | 381.88 |
Shareholders equity total | 4 614.12 | 3 656.71 | 3 883.03 | 3 498.31 | 3 867.44 |
Balance sheet total (assets) | 5 834.04 | 5 382.18 | 5 105.16 | 5 711.19 | 5 887.00 |
Net debt | 568.79 | 990.13 | 727.46 | 1 561.29 | 1 354.24 |
Profitability | |||||
EBIT-% | 18.8 % | -11.6 % | 3.3 % | 4.1 % | 6.6 % |
ROA | 16.1 % | -1.3 % | 2.9 % | 11.1 % | 10.0 % |
ROE | -6.4 % | -2.2 % | 2.9 % | 14.7 % | 10.4 % |
ROI | 17.8 % | -1.5 % | 3.3 % | 12.3 % | 11.1 % |
Economic value added (EVA) | 482.34 | - 213.55 | 142.31 | 205.03 | 266.63 |
Solvency | |||||
Equity ratio | 79.1 % | 67.9 % | 76.1 % | 61.3 % | 65.7 % |
Gearing | 13.6 % | 28.3 % | 18.8 % | 44.7 % | 35.0 % |
Relative net indebtedness % | 31.2 % | 64.0 % | 34.4 % | 52.0 % | 43.8 % |
Liquidity | |||||
Quick ratio | 0.9 | 0.4 | 0.7 | 0.5 | 0.6 |
Current ratio | 1.1 | 0.6 | 1.0 | 0.7 | 0.8 |
Cash and cash equivalents | 58.95 | 44.61 | 0.84 | 0.79 | 0.01 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 15.0 | 19.6 | 21.6 | 27.9 | 23.6 |
Net working capital % | 2.9 % | -23.9 % | -0.4 % | -15.2 % | -6.4 % |
Credit risk | |||||
Credit rating | A | A | AAA | AA | AA |
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